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A couple of open positions from last week hit their early exits while another keeps locking in pips with its trailing stop.

Here’s how it’s going 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 short position from the other week, and this one continues to enjoy downside momentum.

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

Price has since pulled up from the lows, though, and is just within a few pips of its trailing stop.

It looks like this early exit will be locking in some pips for this short position soon, but I’m still hopeful that the pair could resume the slide to its full target.

GBP/USD had a short position opened in the earlier update, and this one popped up too late as I suspected.

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

The selloff already bottomed out by the time the short play was opened, and a new crossover soon followed.

Fortunately this early exit happened at a price lower than entry, still locking in some pips for Cable. Phew!

As for EUR/JPY, the pair had a short position from a while back, but this had to be closed when a bullish crossover took place. The loss wasn’t too bad, though, as it only gave up a couple of pips.

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

A long position was opened soon after, as Stochastic pulled up from the oversold region.

Here’s a look at the latest positions:

SMA Crossover Pullback Positions as of Apr. 6, 2021

Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1934 1.2084 1.1634 Open
EUR/JPY Short 129.66 131.16 126.66 Closed -2 -0.01
GBP/USD Short 1.3778 1.3928 1.3478 Closed +11 +0.07
EUR/JPY Long 129.93 128.43 132.93 Open

For now, the SMA Crossover Pullback System is closing out with 9 pips or 0.06% in gains.

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!