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Things are lookin’ up for EUR/JPY and GBP/USD, but EUR/USD chalked up losses on choppy price action. 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 was a mess for the week as moving averages tossed and turned, generating one signal after another and early exits as well.

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

Cable had a long position from a few weeks back, and this one’s still open with the trailing stop already locking in pips along the way.

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

Lastly, the long position on EUR/JPY already hit its trailing stop to bag some pips before the new crossover took place.

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

Here’s how the positions are looking:

Trade Summary:

SMA Crossover Pullback Positions as of September 24, 2019
Pair Position Entry SL PT Status Pips %
GBP/USD Long 1.2268 1.2118 1.2568 Open
EUR/USD Long 1.1042 1.0892 1.1342 Closed -29 -0.19
EUR/USD Short 1.1016 1.1166 1.0716 Closed -31 -0.20
EUR/USD Long 1.1051 1.0901 1.1351 Closed -1 -0.006
EUR/USD Short 1.1060 1.1210 1.0760 Closed +37 +0.25
EUR/USD Long 1.0985 1.0835 1.1285 Closed +10 +0.07
EUR/JPY Long 117.86 116.36 120.86 Closed +45 +0.30

Phew! Even with those choppy moves and tiny losses on EUR/USD, this mechanical trading system was still able to close in the green at 31 pips or 0.22% for the week.

Cable is still going with its long position and trailing stop activated, so I’m looking forward to seeing some pips from this pair next week, too.

Check out how this system fared in Q2 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!