A couple of open positions from last week hit their early exits while another keeps locking in pips with its trailing stop.
Here’s how it’s going so far.
EUR/USD had a short position from the other week, and this one continues to enjoy downside momentum.Price has since pulled up from the lows, though, and is just within a few pips of its trailing stop.
It looks like this early exit will be locking in some pips for this short position soon, but I’m still hopeful that the pair could resume the slide to its full target.
GBP/USD had a short position opened in the earlier update, and this one popped up too late as I suspected.The selloff already bottomed out by the time the short play was opened, and a new crossover soon followed.
Fortunately this early exit happened at a price lower than entry, still locking in some pips for Cable. Phew!
As for EUR/JPY, the pair had a short position from a while back, but this had to be closed when a bullish crossover took place. The loss wasn’t too bad, though, as it only gave up a couple of pips.
A long position was opened soon after, as Stochastic pulled up from the oversold region.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of Apr. 6, 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!