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This system caught one signal each for USD/CAD and CAD/CHF, with one position turning out to be a big win.

Read on to see how many pips it caught.

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 moving sideways throughout the week, but didn’t really test the Bollinger Bands until the latter half.

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

Price caught a short signal off a test of the top band, and this hit the first profit target at the middle band fairly quickly.

The pair pulled up a bit before eventually making it all the way down to score a full win at the opposite band. Woot woot!

Meanwhile, CAD/CHF was also rangebound for the entire week, but it only caught one valid signal on a test of the bottom band.

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

The pair hit the middle band but, unfortunately, this target was slightly lower than the entry price.

With that, CAD/CHF snagged a tiny 4-pip loss for the week.

With that, the Short-Term Bollinger Reversion Strategy wound up with a 48-pip gain or 0.96% win, adding to last week’s gains.

Seen how the numbers turned out for the previous quarter and for the entire 2020 yet?