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It’s another week of range-bound action on both pairs I’m watching on this mech system, and it was able to catch more signals this time!

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 bounced off the top band three times throughout the week, and these generated valid short signals.

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

The first one made it to the middle band and all the way down to the opposite band to score a full win. The next short position still locked in a small win on the first target while the third one hit its stop.

Here’s how these turned out:

Meanwhile CAD/CHF had a short position left open in the earlier update, and it managed to lock in some pips at the middle band. The remaining half was closed at entry.

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

A valid long signal popped up at the bottom Bollinger Band mid-week, and this one locked in some gains at the first target. The remaining half is still open for now, though.

All in all, the system was able to score a 6-pip gain or a 0.12% win on the account. I know it’s not much, but I’ll take it. A win is a win!

Have you seen how the numbers turned out for Q2 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!