This strategy snagged a couple of early exits on its open euro positions, but luckily these were able to lock in some pips. Take a look!
EUR/USD had a short position left open in its earlier run, but the signal may have come a wee bit late as price already bottomed out soon after.Fortunately, the stop loss didn’t get hit on that rally, and price was able to head back down before a new crossover triggered an early exit.
This was followed by a Stochastic pullback signal to go long, but it looks like yet another crossover is looming.
As for EUR/JPY, the pair had a short position still open from a few weeks back that had its trailing stop activated for a risk-free play. This one hit the early exit on a pullback and bagged a few pips before a bullish crossover materialized.
A long position was opened when Stochastic climbed out of the oversold region almost immediately after the crossover.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of June 30, 2020
I know it’s not much compared to the other week’s gains, but I ain’t complainin’ since these small wins were from early exits. Besides, these could be more than enough to yield impressive numbers for this quarter!