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A couple of wins and one likely loss! Take a look at how the positions stacked up for this mechanical strategy.

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 new short position opened late after that sharp post-ECB drop in the previous update. Unfortunately bears didn’t push much further down before bulls regained the upper hand.

Price hasn’t quite hit the stop loss just yet but is within striking distance for a 150-pip loss for this one, even as a new crossover could trigger an early exit. Bah!

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

Cable snagged a much better short entry timing just after the new bearish crossover, and this one was able to make it all the way down to the full profit target.

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

As for EUR/JPY, the short signal also came a bit late but it managed to avoid any losses by having the trailing stop in place.

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 June 26, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/JPY Short 128.33 129.83 125.33 Closed +18 +0.12
EUR/USD Short 1.1590 1.1740 1.1290 Open
GBP/USD Short 1.3431 1.3581 1.3131 Closed +150 +2.00

With that, the SMA Crossover Pullback system scored yet another winning week at 168 pips or a 2.12% gain on the account. This positive streak has been going for a month, even with likely losses on the short EUR/USD position.

At this rate, it would likely blow its performance for Q1 2018 out of the water!