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Just when it seemed that this strategy would get caught up in sideways action again, it was able to snag a full win on Cable. Take a look!

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 previous week and, even though there was some bearish follow-though, price didn’t fall enough to activate the trailing stop. Price continues to pace back and forth, so this one is still open.

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

Cable had a short position from the previous update and price made it all the way down to its full profit target. Woot woot!

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

As for EUR/JPY, the pair finally made a new crossover after its nearly nonstop climb, so I’m on the lookout for a stochastic pullback signal to short.

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 July 24, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
EUR/USD Short 1.1696 1.1846 1.1396 Open
GBP/USD Short 1.3274 1.3424 1.2974 Open +300 +2.00

With that, the SMA Crossover Pullback system snagged a 300-pip win or a 2.00% gain on the account for the week. All thanks to GBP/USD!

ICYMI, check out how this mechanical system fared for Q2 2018 and how other strategies are faring in Forex Ninja’s Systems Showdown!