Woot woot! It’s another great week for this mechanical system as it scored a big win on Cable. See how many pips it racked up this time!
GBP/USD had a long position left open from the earlier update, and this gained a lot of bullish traction.
In fact, the climb just kept going enough to reach the full profit target… and then some!I couldn’t help but wish that the pair was able to keep its long position open for a bit longer in order to catch more pips from the rally.
Then again, the system rules exist for a reason, and these prolonged moves have been pretty rare.
As for EUR/JPY, the pair chalked up yet another signal-free week as the uptrend carried on without generating fresh crossovers.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Aug. 4, 2020
So far so good for this strategy this Q3, and I hope it’s able to keep up the impressive run!