I’m seeing a lot of range-bound action on both USD/CAD and CAD/CHF for the past week, but did these pairs catch valid signals and wins? Time 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 moved mostly sideways for the week and bounced off the bottom and top bands a few times but didn’t really generate any valid signals.
CAD/CHF didn’t really reach any of the Bollinger Bands over the past few days, so no new signals were generated as well.With that, the Short-Term Bollinger Reversion Strategy didn’t really catch any wins or losses for the week, neither adding to nor cutting off its winning streak from earlier on.