After a strong run the other week, this mech system followed through with yet another week in the green. Check out these back-to-back full wins!
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 scored a new valid signal early on as a long position was opened off a bounce from the bottom band. This reached the middle band in no time and zoomed up to the top band to hit the full target.
Another valid signal popped up right there, opening a short position that also reached the first target quickly. Price had a bit of a slow crawl but eventually made it down to the opposite band to score another full win.
A long position followed, but this one’s still open with the first target hit and the stop rolled up to entry. Check out these big wins!
Meanwhile, CAD/CHF also caught a valid signal at the top band. This position made it to the middle band, but the remaining half was unable to close out a full win since it came short of the bottom band by a few pips!
With that, the remaining half had to be closed at entry, ending up with just a small gain for this pair.