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This forex strategy caught a big win for Cable and some change for EUR/USD. I’ve got the latest positions right here!

But if this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.

Cable had a long position from a couple of weeks back that only gained upside momentum last week. Fortunately, this rally was sustained until the start of this week and the strong U.K. CPI readings provided the boost that the pair needed to hit its full PT.

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

EUR/USD had a new downward crossover since my last update and a short pullback signal materialized just before a new crossover formed. This early exit signal managed to snag a few pips for the pair, though, before a long pullback signal eventually materialized.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

Lastly, EUR/JPY was still in Chopsville as changing market sentiment is doing a number on yen pairs. After hitting its stop loss last week, this pair generated a short signal that had to be closed on a new crossover right on its stop loss.

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

Here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of Sept. 13, 2017
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
GBP/USD Long 1.2935 1.2785 1.3235 Closed +300 +2.00
EUR/USD Short 1.2045 1.2195 1.1745 Closed +20 +0.13
EUR/JPY Short 130.25 131.75 127.25 Closed -150 -1.00
EUR/USD Long 1.2020 1.1870 1.2320 Open

With that, the SMA Crossover Pullback strategy ended up with a 170-pip win or a 1.13% gain on the account, which makes up for the small losses in previous weeks.

Just a couple of weeks left until the end of Q3 and I’ve got a good feeling that this mech system can have a solid finish for the period. Risk sentiment has still proven to be tricky for the dollar and yen, but it looks like the European currencies are gaining traction on their own trends.

In case you missed it, here’s a review of the system’s Q1 2017 and Q2 2017 performance.