We’re kicking things off with a fresh batch of crossovers and a new signal on this trading strategy. Here’s what’s going on so far.
EUR/USD had a bullish crossover by the end of 2020, and Stochastic only made a pullback from the oversold region a few days back.This generated a valid long signal at the start of this week, and the position is still open for now.
GBP/USD also had a bullish crossover late last year, but the Stochastic pullback occurred before this week so I won’t be including it in this year’s signals.As for EUR/JPY, it also had a bullish crossover late last year that was followed by a Stochastic pullback then.
This means that there have been no new signals for this pair so far this year. A new crossover seems to be looming anyway, so I might have to wait it out until next week.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Jan. 5, 2021
In case you missed it, I’ve crunched the numbers for Q4 2020 lately, as well as the system’s overall performance for last year. Check it out!