After last week’s stellar performance, did this mechanical system score another impressive run? Take a look at the latest positions 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 is still in selloff mode after previously hitting its full PT on a short position. No new crossovers were seen, so there are no signals just yet.
Cable also hit its full 300-pip target in the earlier update and had a few more bearish moves in the next few days, so there were no crossovers or stochastic pullback signals on this one.
Price is starting to pull up, though, and the gap between the moving averages has narrowed enough to suggest that a new crossover might be in the cards next week.
As for EUR/JPY, there were no new signals, too! The pair moved mostly sideways and might be gearing up for a new crossover later on as well.
ICYMI, check out how this mechanical system fared for Q2 2018 and how other strategies are faring in Forex Ninja’s Systems Showdown.