A couple of wins and one likely loss! Take a look at how the positions stacked up for this mechanical strategy.
EUR/USD had a new short position opened late after that sharp post-ECB drop in the previous update. Unfortunately bears didn’t push much further down before bulls regained the upper hand.
Price hasn’t quite hit the stop loss just yet but is within striking distance for a 150-pip loss for this one, even as a new crossover could trigger an early exit. Bah!
Cable snagged a much better short entry timing just after the new bearish crossover, and this one was able to make it all the way down to the full profit target.
As for EUR/JPY, the short signal also came a bit late but it managed to avoid any losses by having the trailing stop in place.
To summarize, here are the latest positions:
|Pair||Position||Entry||SL||PT||Status||P/L (pips)||P/L (%)|
At this rate, it would likely blow its performance for Q1 2018 out of the water!