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So much for those strong market trends! A bit of consolidation came back in play recently, making it challenging for this strategy to catch big wins.

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 already hit its full profit target in the earlier update, and the pair formed a fresh bullish signal.

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

The pair almost immediately generated a stochastic long signal, and this position is still open as the uptrend is just starting to gain traction.

Cable also hit its full profit target of 300 pips in the previous update, then went on to form a new bullish crossover. Stochastic has yet to dip to the oversold region, though, so no pullback signals have been generated just yet.

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

As for EUR/JPY, the pair finally pulled out of its choppy market action to ride on bullish momentum.

A valid long signal came up, and price was able to climb high enough to have the trailing stop activated.

This early exit was hit on that large pullback, still locking in some pips for the pair.

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

Here’s a look at the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of March 31, 2020
Pair Position Entry SL PT Status Pips %
EUR/JPY Long 119.56 118.06 122.56 Closed +9 +0.06
EUR/USD Long 1.1006 1.0856 1.1306 Open

With that, the SMA Crossover Pullback System wound up with a meager 9-pip or 0.06% gain for the week. I know it’s not much compared to the earlier gain, but I’m just happy that it was able to avoid any losses while markets were ranging!

Check out how this system fared in Q4 2019 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!