I’m seeing sideways action as both pairs I’m watching made a few bounces off the Bollinger Bands. Did the system catch any signals or 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.
Price tested the top band and bounced off the bottom band but didn’t really generate valid signals since RSI didn’t make it to overbought or oversold levels.
Meanwhile, here’s what went on with CAD/CHF:
This pair also tested the top Bollinger Band but didn’t really generate a valid signal, too.With that, the Short-Term Bollinger Reversion Strategy didn’t score any wins this time… but I guess the good thing is that it didn’t chalk up any losses unlike the past couple of weeks either!