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Got a fresh batch of signals on both USD/CAD and CAD/CHF again this week. See how these turned out!

In this revised version of the Short-Term Bollinger Reversion Strategy, I’m waiting for RSI to cross above or below oversold or overbought levels to indicate a bit more momentum in the direction of the trade.

Make sure you review the tweaks here.

USD/CAD?was moving sideways for the most part of the week, but it only caught a valid play when the consolidation got tighter later on.

USD/CAD 1-hour Forex Chart
USD/CAD 1-hour Forex Chart

The pair bounced right up to the middle band to hit the first profit target while the stop on the remaining half was adjusted to entry.

USD/CAD dipped back to the entry price to close the rest of the position at break even just before it rallied all the way up to the opposite band.

Here’s how it turned out:

Meanwhile, CAD/CHF?also caught a valid long position during the week, but this didn’t really score much profits as the first target was too close.

CAD/CHF 1-hour Forex Chart
CAD/CHF 1-hour Forex Chart

The rest of the position was also closed almost immediately at break even, but at least it wasn’t a loss!

Here’s how it turned out:

With that, the Short-Term Bollinger Reversion strategy wound up with a measly 9-pip or 0.18% gain for the week.

Seen how the numbers turned out for Q2 2020 yet??