It’s still all about early exits with this mechanical trading strategy as the pairs I’m watching just can’t seem to stay in trends. Here’s what’s up!
EUR/USD had a long position left open from the earlier update, but this one had to be closed early on a new crossover for a loss. A short position was opened soon after but it’s not looking too good.
Cable had a short position opened earlier on, but the pair just kept moving sideways until it eventually had to be closed on a new crossover.
As for EUR/JPY, the pair had a long position that didn’t seem to be going well in the previous update.
This position was closed on a new crossover for a loss before another new signal popped up. Sadly, this short play also had to be closed on an early exit.
Here’s a look at the latest positions: