I’ve got one winning trade and a fresh batch of positions on this mechanical system this week! Here’s how many pips it bagged.
EUR/USD had a bullish crossover in the earlier update, and this was followed by a Stochastic pullback signal to go long.Upside momentum seems to be picking up for this pair, but the latest pullback has been pretty huge as well.
Still, EUR/USD has been forming higher lows to suggest that bulls are getting stronger and could keep pushing for new highs. I hope the trailing stop gets activated soon so I can rest easy!
As for EUR/JPY, the pair had a long position left open from a few weeks back, and this already had the trailing stop in place.
This early exit was triggered on that sudden selloff, locking in a decent amount of winnings.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of July 14, 2020