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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.

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

CAD/CHF was trending lower but it generated a couple of long signals on tests of the bottom band.

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

Here’s how these turned out:

With that, the Short-Term Bollinger Reversion Strategy wound up with an 88-pip or 1.76% loss, ending its winning streak from the past weeks.

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!