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I’m seeing strong bearish action on euro pairs, but was this mechanical trading strategy able to cash in on those? Time 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 had a short position left open from the earlier update, and sustained bearish momentum allowed the trailing stop to get activated. Price is within striking distance of the target, though, so I’m hoping it gets triggered before a pullback.

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

Cable still didn’t make any new crossovers as the bearish trend simply went on and on. Man, look at all those pips left on the table!

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

Lastly, EUR/JPY had a few choppy moments as the new crossover from the previous week generated a short signal that was closed early.

Fortunately the upward crossover wasn’t followed by stochastic pullback signal to go long, so the next one was able to generate another short position.

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 29, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.1832 1.1982 1.1532 Open
EUR/JPY Short 130.86 132.36 127.86 Closed +22 +0.15
EUR/JPY Short 128.10 129.60 125.10 Open

With that, the SMA Crossover Pullback system followed through on the wins for the past few weeks with a 22-pip or 0.15% gain on the account. Not the biggest of gains also, but the streak continues!

The euro pairs have short positions open with trailing stops already locking in pips along the way. While I’m no longer worried about these positions losing, I’m still keeping my robot fingers crossed that both EUR/USD and EUR/JPY hit their profit targets close by.

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