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Still plenty of sideways price action for both USD/CAD and CAD/CHF but not a lot of signals! Here’s how the lone position turned 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 broke out from its tight consolidation during the first half of the week

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

The pair saw a valid long signal when RSI reached the oversold region, but this didn’t turn out so well as the selloff kept going. As a result, USD/CAD wound up with a 50-pip or 1% loss for the week.

Meanwhile, here’s what went on with CAD/CHF:

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

This pair tested the top and bottom Bollinger Bands but didn’t really generate valid signals either.

With that, the Short-Term Bollinger Reversion Strategy closed the week with a 50-pip or 1.00% loss on the sole signal for USD/CAD. Hopefully it picks up soon, though!

Have you seen how the numbers turned out for Q3 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!