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We’re kicking things off with a fresh batch of crossovers and a new signal on this trading strategy. Here’s what’s going on so far.

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 a bullish crossover by the end of 2020, and Stochastic only made a pullback from the oversold region a few days back.

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

This generated a valid long signal at the start of this week, and the position is still open for now.

GBP/USD also had a bullish crossover late last year, but the Stochastic pullback occurred before this week so I won’t be including it in this year’s signals.

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

As for EUR/JPY, it also had a bullish crossover late last year that was followed by a Stochastic pullback then.

This means that there have been no new signals for this pair so far this year. A new crossover seems to be looming anyway, so I might have to wait it out until next week.

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 Jan. 5, 2021

Pair Position Entry SL PT Status Pips %
EUR/USD Long 1.2240 1.2090 1.2540 Open

With that, the SMA Crossover Pullback System has yet to make any wins or losses for 2021. I’m keeping my robot fingers crossed that it starts off strong, though!

In case you missed it, I’ve crunched the numbers for Q4 2020 lately, as well as the system’s overall performance for last year. Check it out!