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?
EUR/USD had a signal-free run final time, then it hit the bottom working this week with a recent bullish crossover.
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.
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.
Right here’s a have a look at the most recent positions:
SMA Crossover Pullback Positions as of Dec. 7, 2021
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.