New crossovers forced a few positions from the previous update to close with losses.Stochastic popped up above the oversold area that we got a valid signal.
Unfortunately, a fresh crossover cut short the trade’s moves and made a 54-pip dent on the system’s coffers.stop loss.
Soon enough, GBP/USD caught a valid long play when Stochastic turned higher from the oversold zone. This one ain’t lookin’ too good, though, as price keeps making lower lows and making lower highs.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of August 25, 2020
It still has a couple of positions left open, with both a long AND short pound trade that’s bound to make next week’s update interesting.
Check out how this system fared in Q1 2020!