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?
EUR/USD already hit its revenue goal just a few weeks again, and the downtrend nonetheless carried on up to now week.
Meaning no new alerts for this pair simply but!
Nevertheless, upside momentum barely lasted, resulting in yet one more crossover.
With that, the lengthy place needed to be closed early, costing Cable 71 pips or 0.47%. Ouch!
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.
Right here’s a take a look at the newest positions:
SMA Crossover Pullback Positions as of Nov. 29, 2021
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.