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Even though this strategy was able to catch just one valid signal for the week, it was able to bag pretty impressive gains.

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 a short signal early on in the week, and this made it to the first profit target at the middle band.

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

After a quick bounce, the pair eventually gained more bearish momentum to hit the opposite band and snag a full win.

From there, USD/CAD staged quite the rally to the top band but didn’t really catch any new signals since trending conditions came in play.

Here’s how the sole position turned out:

Meanwhile, CAD/CHF was actually range-bound but it didn’t really have any valid signals throughout the week.

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

With that, the Short-Term Bollinger Reversion strategy wound up with a pretty decent 59.5-pip or 1.19% profit for the week, adding to the other week’s small gains.

Seen how the numbers turned out for Q2 2020 yet?