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Eurchfshort

EURCHF ShortWEEKLY: Last weeks bullish momentum was quashed with a week of bearish pressure failing to make a new high DAILY: We’ve seen a break and retest of the bottom of the rising wedge and MACD is starting to turn, indicating lower prices may form. 4HR: Moving down to the 4hr, we can see a clearer picture of the re-test and rejections below the 200, 50 and 20 ema zones. 1hr: Further bearish confirmation of a smaller trend line connecting the swing highs. Taking a 38.2% fib entry.
Short
by HarrisonMit
1
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.12409. The system recommends entering this trade at any price between 1.12314 and 1.12504. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.07259, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00076, so the stop loss has been set at 1.12028. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 65752 Time Issued: Monday, 27 May 2019 04:00:15 GMT Status: open Entry: 1.12314 - 1.12504 Limit: N/A Stop Loss: 1.12028 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM