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It was a bit of a slow week for this mech system as it caught only one signal per pair. The question is: Did these positions snag any pips?

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 a signal-free run the other week, but the recent one was a bit more fruitful as the pair caught a valid short play on a bounce off the top band.

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

Price has yet to hit the middle band to lock in some pips and have the stop adjusted to break even.

CAD/CHF was trending higher for the most part of the week, before it hit the top band to open a short position. Price already reached the first profit target at the middle band to bag some pips and have a risk-free remaining half-position.

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

Here’s how it’s looking:

That locks in at least 12.5 pips on CAD/CHF on this short position as it hopefully gains enough bearish energy to hit the full target at the opposite band.

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!