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.
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.
Lastly, the long position on EUR/JPY already hit its trailing stop to bag some pips before the new crossover took place.
Here’s how the positions are looking:
Trade Summary:
| 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 |
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!
