The latest batch of positions on this mech system are raking in gains as trends appear to be picking up. Take a look!
EUR/USD had a long signal from the earlier week, and this position is still open as the uptrend is gaining traction.In fact, the trailing stop has already been activated since the pair has moved over 150 pips in the trade’s favor.
Although I’m pretty relieved that this won’t wind up in another loss, I’m still keeping my robot fingers crossed that the pair could make it all the way up to the full profit target.
GBP/USD also had a long position from a while back that’s still open until now.The trailing stop is locking in gains along the way for this one as well, and it looks like it’s holding on to at least 30 pips so far!
As for EUR/JPY, its short position from earlier on was closed on a new crossover. Unfortunately, this pair snagged losses on this early exit.
A long position was opened soon after, and I’m hopeful that it could gain enough bullish momentum to have its trailing stop in place, too.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Dec. 1, 2020
I know it’s not looking too good right now, but the latest positions on Cable and EUR/USD could make up for some of the earlier losses.
In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!