One pair had a signal-free week while the other racked up more than the usual amount of signals.
Here’s how it all turned out.
USD/JPY caught four valid signals for the week, all of which were short positions.The first three ones didn’t fare so well, as the stops were tight enough to get hit on quick pullbacks.
Fortunately the last position turned out to be a winner, but the gains just made up for the earlier losses.
In other words, USD/JPY had a handful of trades but just wound up breakeven for the week. At least it ain’t in the red!
Now here’s what went on with GBP/JPY:
This pair formed a few inside bar patterns, but none of these had their entries triggered.
With that, the Inside Bar Momentum Strategy ended up with no gains or losses for the week. Maybe it just needed to pause from its consecutive winning weeks!
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q1 2021.