I’m seeing a few new positions on this mech system while trends pick up and volatility kicks into high gear. Here’s what’s up!
EUR/USD had no new signals the other week as the uptrend kept going, but a bearish crossover just formed this time.The pair is still waiting for a pullback signal to short, though, as the oscillator has yet to reach the overbought zone before turning lower.
Cable scored some pips off its trailing stop in the earlier update then formed a bullish crossover. Unfortunately, the pair hit its full stop loss almost immediately as price continued to tumble.A new crossover took place, but stochastic hasn’t climbed to the overbought region yet to trigger a short entry.
As for EUR/JPY, the moving averages have yet to make a new crossover after the pair hit its full target in the earlier update. It looks like a bullish crossover might follow soon, but that’d have to wait until next week.
Here’s a look at the latest positions: