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It was a bit of a slow week for this mechanical system, but it looks like the tide is turning for these pairs. Did it still catch some wins?

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 on the earlier update and so far, there have been no new crossovers just yet. The gap between the moving averages has narrowed, though, so a bullish crossover could take place soon.

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

Cable had no crossovers or pullback signals from the other week, and this went on for yet another one. However, a bullish crossover also seems to be in the works.

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

Lastly, EUR/JPY had an open short position earlier on and the pair dipped to a low of 129.41 before hitting the trailing stop as it pulled back, snagging 103 pips in the process.

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

To summarize, here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of May 15, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/JPY Short 131.94 133.44 128.94 Closed 103 +0.69

With that, the SMA Crossover Pullback system followed through on the wins for the past few weeks with a neat 103-pip or 0.69% gain on the account. The streak continues!

By the looks of it, the pairs I’m watching might see new long positions pretty soon, and I do hope that the momentum could be sustained once more. ICYMI, check out this system’s performance for Q1 2018!