Ack! I may have spoken too soon about early exits snapping up gains for this strategy, as a bunch of new crossovers yielded tiny losses this time.
EUR/USD had a long position left open from the earlier update, and this had to be closed early when a bearish crossover materialized.A new signal popped up soon after, but this also had to be closed early when another crossover took place.
Unfortunately, both early exits snagged losses for the pair as price action was mostly moving sideways for the week. The latest bullish crossover is still waiting on a Stochastic pullback signal to go long.
GBP/USD hasn’t had any new signals for a while as its downtrend simply kept going, but a fresh bullish crossover formed this time.Stochastic has yet to dip to the oversold region and turn higher to generate a valid long play, so I’ll keep my robot eyes peeled for one.
As for EUR/JPY, the pair already had a long position left open earlier on, and this one has slowly gained bullish traction enough to have the trailing stop activated.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of July 7, 2020