System Replace: SMA Crossover Pullback (Nov. 23 – 29)

Bearish tendencies continued to choose up for the pairs I’m watching on this method.

There have been hardly any new place, besides one on GBP/USD. How’s it trying to date?

If that is the primary time you’re studying in regards to the SMA Crossover Pullback system, ensure you take a look at the trading rules and risk management adjustments first.

EUR/USD already hit its revenue goal just a few weeks again, and the downtrend nonetheless carried on up to now week.

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

Meaning no new alerts for this pair simply but!

GBP/USD had a bullish moving average crossover and a recent lengthy sign within the earlier replace.

Nevertheless, upside momentum barely lasted, resulting in yet one more crossover.

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

With that, the lengthy place needed to be closed early, costing Cable 71 pips or 0.47%. Ouch!

In the meantime, EUR/JPY was in a position to lock in a full win on its brief play when the profit target was finally hit final week.

Bearish momentum appears to be slowing, although, so the shifting averages is likely to be bracing for a brand new crossover quickly.

For now, it appears just like the pair is simply shifting sideways and deciding the place to move subsequent.

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

Right here’s a take a look at the newest positions:

SMA Crossover Pullback Positions as of Nov. 29, 2021

Pair Place Entry SL PT Standing Pips %
GBP/USD Lengthy 1.3443 1.3293 1.3743 Closed -71 -0.47

With that, the SMA Crossover Pullback System closed out with a 71-pip or 0.47% loss due to Cable’s early exit.

This erases a number of the earlier features from the three-for-three wins on the pairs I’m watching below this technique, however the harm ain’t that dangerous!

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

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