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It’s a brand new quarter for the SMA Crossover Pullback system! Did it start off on a good note or is it still struggling to stay in tune with the markets? Take a look at the latest positions to find out.

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 trailing stop for a small profit in the latest update, before catching a long position that later on got stopped out on a new crossover.

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

Cable hit its full profit target before the previous quarter closed and is now looking at a new short position after a downward crossover and a bearish stochastic pullback signal.

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

Lastly, EUR/JPY also hit its trailing stop for a small win on its earlier short position and now has a new long position that’s not looking too good with the latest sharp drop.

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 Apr. 3, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
GBP/USD Short 1.4060 1.4210 1.3760 Open
EUR/USD Long 1.2410 1.2260 1.2710 Closed -80 -0.53
EUR/JPY Long 130.90 129.40 133.90 Open

Ack! Not the best of starts it seems!

Both euro pairs hit the ground running with new long positions around the start of the quarter, and it looks like the return in risk aversion is starting to take its toll on those. Fortunately, Cable took its time with a fresh short position that could be poised to take advantage of safe-haven flows if these continue.

ICYMI, check out this system’s performance for Q1 2018!