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Got another bunch of good trading signals on this mechanical system as trending conditions persisted for USD/CAD and CAD/CHF. Take a look!

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 three valid plays for the week, with the first one zooming straight up to its profit target upon opening.

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

The next play also closed positive but only raked in a couple of pips while the last position is still open.

Here’s how these turned out:

CAD/CHF also had three positions filled for the week, with the first one ending in a small loss as a new play was opened soon after.

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

Fortunately the second position churned out solid gains. The last one is still open as well.

Here’s how it went:

With that, the Short-Term Bollinger Reversion Strategy chalked up a 75-pip or 1.50% gain on USD/CAD and a 27.5-pip or 0.55% gain on CAD/CHF.

That’s a total of 102.5 pips or 2.08% for the week, adding to the previous week’s gains!

Have you seen how the numbers turned out for Q4 2019 yet? Oh, and don’t forget to check out Forex Ninja’s Systems Showcase in case you missed it!