Early exits again! The lack of momentum had this mech system caught up in another set of new crossovers for the week. Did it catch some pips at least?
EUR/USD had a long position left open from the other week, but this had to be closed for a loss on a bearish crossover. A short stochastic pullback signal soon followed.
Cable had a short position in the earlier update, and this was also closed early on a new crossover. Another loss, ugh!
EUR/JPY is still trying to keep it together with its short position from a few weeks back, as this one is still open even while bearish momentum seems to be stalling.
Here’s how the positions are looking:
Both euro pairs have open short positions for now, and of course I can’t help but worry that these might run out of downside momentum again.