I’m seeing plenty of bounces off the Bollinger Bands, but did these generate any valid plays? Here’s a look at the latest positions.
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 was trending higher earlier in the week before returning most of its gains and moving sideways in the latter half. However, the pair was unable to get any valid signals for the week.
CAD/CHF was trending lower but it generated a couple of long signals on tests of the bottom band.
Here’s how these turned out:winning streak from the past weeks.