Got a fresh set of signals on this mechanical system! Have any positions caught some pips yet?
EUR/USD had a new bullish crossover in the earlier update, and a valid long signal emerged as Stochastic climbed out of the oversold region.Even though the pair gained a bit of bullish momentum after bouncing off support, the position had to be closed early on a new crossover.
This early exit resulted in a tiny loss for EUR/USD, but it might’ve saved the pair from a much larger one in case selling pressure picks up from here.moving averages is narrowing to reflect weakening bullish momentum.
As for EUR/JPY, a long position was also opened following a bullish crossover from the previous week.
This pair appears to be consolidating and turning slightly lower, though.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Nov. 17, 2020
In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!