Thanks to the pickup in bearish momentum lately, this strategy was able to score big wins. Take a look at these positions to see what I mean.
EUR/USD had a bearish crossover from the earlier update and even though it seemed a bit late to the party, a stochastic pullback signal occurred just before another big drop.
Price missed its target on this one as it didn’t dip low enough before the reversal took place, leading the trailing stop to get hit for an 84-pip gain. Not bad!
Cable already had a short position going earlier on, with the trailing stop activated and locking in gains along the way.
This one also gained enough bearish traction to slide all the way down to the full profit target for another 300-pip gain. Woohoo!
So that leaves EUR/JPY… Did this pair join the winners’ circle, too?
A short position also followed the new crossover from late last week, allowing the pair to catch the drop to the profit target as well. That’s another 300-pip win!
To summarize, here are the latest positions: