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It was another range-bound week for the pairs I’m watching, but did this mech system catch any signals? Read on to find 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 quite a few bounces off the top band and moved sideways for the most part of the week, but it didn’t really generate valid signals.

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

CAD/CHF had a long signal on a test of the lower band, and this position hit the first target at the middle band. Unfortunately, the remaining half-position didn’t make it all the way up to the opposite band to clinch the full target.

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

With that, the rest of the position was closed at entry. Another valid signal popped up late in the week, and this one is still open for now.

With that, the Short-Term Bollinger Reversion Strategy bagged 8.5 pips or 0.17% for the week on the long position on CAD/CHF. I know it ain’t much, but I’m keeping my robot fingers crossed that the open trade ends in the green, too!

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!