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It’s still a waiting game for EUR/USD and GBP/USD after recently hitting their profit targets, but EUR/JPY seems to have gotten caught up in the recent round of volatility. Here are the latest positions.

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.

EUR/USD hit its full profit target from my earlier update and there have been no new crossovers just yet.

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

Cable also hit its full 300-pip target the other week, and the tide seems to be turning with the moving averages so I’m waiting for a stochastic pullback next.

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

As for EUR/JPY, this pair is back to losing mode after catching a couple of lucky breaks previously. An upward crossover was quickly followed by a long pullback signal, which was almost immediately stopped out.

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 Feb. 5, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/JPY Long 136.95 135.45 139.95 Closed -150 -1.00

Yep, that’s it! After the previous week’s stellar rebound, this SMA Crossover Pullback System ended up with a 150-pip dent or a 1.00% loss on the account.

Still, I think the strategy is keeping its head above water so far this year and I have faith that it could score another strong week that’d be enough to make up for losses like these.

No new open positions yet, so I’ll just have to wait patiently for pullbacks on these strong recent market moves. ICYMI, check out the system’s performance for Q4 2017 and how my other strategy fared as well!