EUR/USD has seen a bit more action on this mech system compared to EUR/JPY and GBP/USD lately. Did the recent exits score any pips?
As I feared last week, the open long position on EUR/USD was in danger of getting closed early on a new crossover… and that’s exactly what happened!
Unfortunately the early exit didn’t bag any gains. A new short position was opened when stochastic made a pullback signal later in the day.
Cable had a short position left open in the previous update and this one is slowly gaining bearish momentum, hopefully having its trailing stop activated soon.
EUR/JPY also had a short position left open earlier on. This pair just seems to be moving sideways and could also be prone to an early exit with a new crossover.
Here’s how it all turned out:
I’ve got open positions on GBP/USD and EUR/JPY, with the former looking at a better chance of scoring a win and the latter likely to be closed on a new crossover.