It’s another week of sideways price action for both pairs, but only one caught valid signals. At least the positions turned out to be 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.
USD/CAD bounced off the top and bottom bands in some instances but didn’t really generate valid signals.
Meanwhile, here’s what went on with CAD/CHF:
This pair tested the top and bottom Bollinger Bands also and caught a couple of plays. The long position went up to the middle band then all the way to the top band to score a full win. The short position already hit its first target at the middle band and has the stop adjusted to entry.last week’s losses.