This mech system saw a few early exits on new crossovers but still managed to rake in some gains. See how the latest positions turned out!
EUR/USD had a short position from the other week but sadly, this did not gain much downside momentum before turning higher and getting closed on a new crossover.
Fortunately it was able to make this early exit at a lower price and lock in some gains. A new position was opened soon after, but I’m a bit concerned that the pair is just moving sideways.
Cable also had a short position left open but just as I feared, this was generated too late at the bottom of the slide. The position was also closed on a new crossover, just a few pips shy of its stop loss.
The pair also scored a new long signal soon after, and it’s looking good so far.
EUR/JPY still has its short position going from a few weeks back, and the trailing stop was rolled down after that gap lower. Price seems to be edging close to its full target, but I don’t want to get too excited about it!
Here’s how the positions are looking:
All three pairs have positions left open, with EUR/JPY locking in pips with its ongoing short play while the dollar pairs try to catch gains on long positions.