It was a bit of a slow week for this mechanical system, but it looks like the tide is turning for these pairs. Did it still catch some wins?
EUR/USD hit its full profit target on the earlier update and so far, there have been no new crossovers just yet. The gap between the moving averages has narrowed, though, so a bullish crossover could take place soon.
Cable had no crossovers or pullback signals from the other week, and this went on for yet another one. However, a bullish crossover also seems to be in the works.
Lastly, EUR/JPY had an open short position earlier on and the pair dipped to a low of 129.41 before hitting the trailing stop as it pulled back, snagging 103 pips in the process.
To summarize, here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
By the looks of it, the pairs I’m watching might see new long positions pretty soon, and I do hope that the momentum could be sustained once more. ICYMI, check out this system’s performance for Q1 2018!