This strategy was off to a running start for the quarter with open positions on all three pairs.
How are these 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 open from the earlier update, and this enjoyed a bit of bearish momentum during the first part of the week.
The pair appears to be bottoming out and is pulling up again, possibly leading to a new moving average crossover if this continues.
GBP/USD also had a short position left open from the previous update.
This barely got much downside, though, as price is finding strong support around 1.3750 and is moving sideways.It looks like a fresh bullish crossover is looming, too!
As for EUR/JPY, its short position since the start of the month seems to be going pretty well!
The pair barely looked back from its slide throughout the first week of July, only pulling up after the trailing stop had been activated.We’re looking at a risk-free position on this one y’all!
Still, it would really be much better if EUR/JPY makes it all the way back down to the target instead of getting an early exit. But hey, I’ll take any win!
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of July 13, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Short | 132.18 | 133.68 | 129.18 | Open | – | – |
| EUR/USD | Short | 1.1868 | 1.2018 | 1.1568 | Open | – | – |
| GBP/USD | Short | 1.3849 | 1.3999 | 1.3549 | Open | – | – |
The SMA Crossover Pullback System has no new wins or losses so far, as the short positions on all three pairs are still open.
Cable might snag a loss on an early exit while EUR/JPY is locking in gains with its trailing stop, so I’m excited to see how this will turn out next week.
In the meantime, check out how this strategy fared in Q2 2021!
