This mech system is on a stellar run with its four-week winning streak. Was it able to add another big win this time?
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 an impressive run last week as its steady climb was enough to score a full win.
EUR/USD 1-hour Forex Chart
This bullish trend is still going, so no new signals have popped up yet.
have narrowed their gap, though, so a bearish crossover might be due soon.
bagged a big win recently but now seems to be reversing from its climb.
bearish crossover just took place and Stochastic has reached the overbought zone, so I’m now keeping my robot eyes peeled for the oscillator to turn lower and generate a short signal.
GBP/USD 1-hour Forex Chart
Hopefully this potential play gets enough momentum and doesn’t turn out to be just a huge pullback in the middle of an uptrend!
EUR/JPY, the pair had a signal-free run the other week as the uptrend has been pretty strong.
Price has turned lower in the past few days, enough to catch a
bearish crossover and a Stochastic pullback signal to open a short position.
EUR/JPY 1-hour Forex Chart
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of June 16, 2020
With that, the
Crossover Pullback System is taking a pause from its winning streak with neither any wins nor losses for now.
The short play on
EUR/JPY looks promising while the rest of the pairs I’m watching also seem to be waiting on a fresh batch of bearish signals.
If I’m lucky, these could add to the gains racked up by the system over the past FOUR weeks. And with barely two weeks left in the quarter, I’m excited to crunch the numbers for Q2!
Check out how this system fared in Q1 2020 and how it’s holding up to other mechanical systems in Forex Ninja’s weekly showcase!