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I’m seeing a couple of closed out positions, as well as a handful of fresh signals this week. Take a look!

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 a few weeks back, and this one had been locking in pips through its trailing stop since the other week.

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

However, a new crossover took place before the adjusted stop loss was reached on a pullback.

Fortunately it was able to bag more pips on this early exit!

A long signal soon followed, as Stochastic turned higher from the oversold region.

GBP/USD had a bullish crossover in the earlier update, and this time it was able to open a long position on a pullback.

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

Unfortunately this position was opened too late, and price already turned from its uptrend.

With that, the long position got stopped out before a new crossover materialized. This was then followed by a short Stochastic signal.

As for EUR/JPY, the pair had a long position left open in the earlier update, and this one is just cruising sideways.

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 Apr. 13, 2021

Pair Position Entry SL PT Status Pips %
EUR/USD Short 1.1934 1.2084 1.1634 Closed +129 +0.86
EUR/JPY Long 129.93 128.43 132.93 Open
GBP/USD Long 1.3844 1.3694 1.4144 Closed -150 -1.00
EUR/USD Long 1.1873 1.1723 1.2173 Open
GBP/USD Short 1.3744 1.3894 1.3444 Open

For now, the SMA Crossover Pullback System is closing out with 21 pips or 0.14% in losses.

All three pairs I’m watching have positions open, with the euro pairs having long plays and Cable with a short signal.

In case you missed it, I’ve crunched the numbers for Q1 2021 lately. Check it out!