System Replace: SMA Crossover Pullback (Nov. 29 – Dec. 7)

EUR/USD and GBP/USD picked up on new alerts for the week whereas EUR/JPY carried on with its slide.

How did the most recent positions fare?

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

EUR/USD had a signal-free run final time, then it hit the bottom working this week with a recent bullish crossover.

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

The pair moved sideways for essentially the most a part of the week, nevertheless it was in a position to catch a Stochastic pullback sign to go lengthy.

Gonna hold my robotic fingers crossed that volatility picks up in favor of this commerce!

GBP/USD had a bearish crossover within the earlier replace, and this was finally adopted by a Stochastic pullback sign to quick.

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

Quickly sufficient, the pair staged a pointy selloff to a low of 1.3194. Sadly (or happily?) this was not sufficient to have the trailing cease activated but.

Nonetheless, this retains the place open whereas Cable continues to get pleasure from bearish momentum.

In the meantime, EUR/JPY already scored a full win on a short play a couple of weeks again and remains to be trending decrease.

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

Right here’s a have a look at the most recent positions:

SMA Crossover Pullback Positions as of Dec. 7, 2021

Pair Place Entry SL PT Standing Pips %
GBP/USD Quick 1.3321 1.3471 1.3021 Open
EUR/USD Lengthy 1.2909 1.2759 1.3209 Open

With that, the SMA Crossover Pullback System is ending the week with no wins or losses, simply a few open performs!

These greenback pairs are on reverse positions, so one may turn into a win whereas the opposite might lose out. Hopefully any losses are minimized, although!

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

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