After its stellar performance in the previous update, was this strategy able to follow through with more wins or new signals at least?
Read on to find out!
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 bottomed out of its selloff just after hitting its full target last week, but it took a while before a new crossover popped up.
Stochastic hasn’t quite reached the oversold region yet, so I’m gonna sit tight until it turns higher to generate a valid long signal.
GBP/USD also bagged a big win in the earlier update, as the pair caught 600 pips or 2% on its short position.
A bit of consolidation took place at the end of the selloff, before a fresh bullish crossover materialized towards the end of the week.Just like EUR/USD, Cable is still waiting on a Stochastic pullback to generate a new long signal.
As for EUR/JPY, this pair was also able to catch a full win last week and has bottomed out from the drop.
It managed to jump in a new open position, though, as Stochastic already climbed out of the oversold region after the bullish crossover came up.
Here’s a look at the latest positions:
SMA Crossover Pullback Positions as of June 29, 2021
| Pair | Position | Entry | SL | PT | Status | Pips | % |
|---|---|---|---|---|---|---|---|
| EUR/JPY | Long | 132.07 | 130.57 | 135.07 | Open | – | – |
The SMA Crossover Pullback System didn’t chalk up any wins or losses this time, but it has an open long position on EUR/JPY.
Just one more day left before I round up the numbers for Q2 2021. Yep, another quarter is about to come to a close!
Do you think it’ll beat its performance for Q1 2021?