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Thanks to the pickup in bearish momentum lately, this strategy was able to score big wins. Take a look at these positions to see what I mean.

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 bearish crossover from the earlier update and even though it seemed a bit late to the party, a stochastic pullback signal occurred just before another big drop.

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

Price missed its target on this one as it didn’t dip low enough before the reversal took place, leading the trailing stop to get hit for an 84-pip gain. Not bad!

Cable already had a short position going earlier on, with the trailing stop activated and locking in gains along the way.

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

This one also gained enough bearish traction to slide all the way down to the full profit target for another 300-pip gain. Woohoo!

So that leaves EUR/JPY… Did this pair join the winners’ circle, too?

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

A short position also followed the new crossover from late last week, allowing the pair to catch the drop to the profit target as well. That’s another 300-pip win!

To summarize, here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of August 14, 2018
Pair Position Entry SL PT Status Pips %
GBP/USD Short 1.3140 1.3290 1.2840 Closed +300 +2.00
EUR/USD Short 1.1584 1.1734 1.1384 Closed +84 +56
EUR/JPY Short 128.75 130.25 125.75 Closed +300 +2.00

With that, the SMA Crossover Pullback system made up for its teensy loss in the previous update with a jaw-dropping 684-pip win or 4.56% gain on the account. All three pairs I’m watching were able to score big gains because of the strong pickup in downside momentum.

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