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After a few signal-free weeks, EUR/JPY finally caught a valid play! EUR/USD and GBP/USD snagged early exits, though.

How did the strategy end up overall?

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 long position opened in the earlier update, but the pair hardly gained any bullish momentum.

Because of that, the long play had to be closed early when a bearish moving average crossover took place.

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

This was almost immediately followed by a Stochastic pullback signal to short, but price didn’t make much headway south either.

With that, another position snagged an early exit on a new crossover. Fortunately the losses weren’t too big on these!

GBP/USD had a short position opened a few weeks back, and this gained steady downside momentum in the days that followed.

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

Price carried on with its selloff throughout the week, enough to dip more than 150 pips lower than entry.

That means its trailing stop is activated and locking in pips along the way. Risk-free, baby!

Meanwhile, EUR/JPY hadn’t seen a new crossover in a while, as the pair continued to slide lower even after hitting its PT on a short signal a few weeks back.

Price eventually bottomed out from its drop and caught a fresh crossover, followed by a valid Stochastic pullback signal to go long.

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. 14, 2021

Pair Position Entry SL PT Status Pips %
GBP/USD Short 1.3321 1.3471 1.3021 Open
EUR/USD Long 1.1290 1.1140 1.1590 Closed +2 +0.01
EUR/USD Short 1.1285 1.1435 1.0985 Closed -2 -0.01
EUR/JPY Long 128.15 126.65 131.15 Open

With that, the SMA Crossover Pullback System is ending the week at breakeven, even with all those new positions opened!

That’s another “meh” week for the strategy, but at least it ain’t closing out with a loss. Besides, the short position on Cable is looking promising with the trailing stop already in place.

ICYMI, here’s how this strategy fared in Q3 2021.