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Both pairs I’m watching on this mech system caught signals in the past week. Read on to see how the positions 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 had back-to-back signal-free weeks but was finally able to score a new signal this time.

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

This pair went straight up to the top band to hit the target for the full position, yielding a neat 62-pip gain. Woot woot!

Here’s how CAD/CHF is going:

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

Just the one signal for the week, and a late one at that! Still, price made it to the middle band to score a few pips and the stop is rolled up to entry for a risk-free remaining half.

So far, CAD/CHF has at least 9 pips in the bag, but I’ll wait for the rest of price action to pan out before adding the gains on this position.

Besides, the gains on USD/CAD ain’t too shabby! This puts the mech system up by 62 pips or 1.24% for the week.

Have you seen how the numbers turned out for Q1 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!