FX Trend Snagger Model takes profit on long EURJPY, GBPJPY
The FX Trend Snagger Model is taking profit on the EURJPY and GBPJPY positions at a modest profit level as momentum failed to blossom further here. The profit is modest due to the original long signal having been triggered within an old choppy range that required confirmation of the move. The model will look for levels to re-enter these positions at less overbought levels on signs of bullish pattern reversals.
The EURJPY position was sold at 106.261 and the GBPJPY position was sold at 131.482
See overview of open orders and current positions below: