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Got a fresh batch of crossovers and valid signals on this strategy! Check ’em out before the new trends pick up.

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 hit its full profit target in the earlier update before the pair topped out and saw a bearish crossover.

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

The selloff hasn’t quite picked up yet, and the moving averages are still pretty close together.

GBP/USD is also coming fresh off a big win in the earlier update, and eventually got a new crossover and valid short signal.

The pair appears to be moving sideways, though, and the weekend gap higher isn’t boding well for the short play.

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

Still, if the gap gets filled, price could pick up on stronger bearish momentum soon.

As for EUR/JPY, its long position had to be closed early on a new crossover, but at least it scored decent gains!

A fresh bearish crossover materialized right after, and Stochastic turned lower to generate a short signal.

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

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Dec. 15, 2020

Pair Position Entry SL PT Status Pips %
EUR/JPY Long 124.12 122.62 127.12 Closed +179 +1.19
EUR/USD Short 1.2164 1.2314 1.1864 Open
GBP/USD Short 1.3321 1.3471 1.3021 Open
EUR/JPY Short 126.13 127.63 123.13 Open

With that, the SMA Crossover Pullback System is up 179 pips or 1.19% for the week, adding to earlier gains.

All three pairs I’m watching have open short positions now, and I can’t help but worry that these correlated plays either all go well or go bad!

In case you missed it, I’ve crunched the numbers for Q3 2020 lately. Check it out!