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Was this strategy able to extend its winning streak all the way to the start of this quarter?

Take a look at the latest signals 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 was off to a bit of a slow start for the quarter, as it didn’t catch any valid signals for the first few days of this month.

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

A short signal came up on a test of the top Bollinger Band, and unfortunately this missed the first PT at the middle band.

Instead, this position wound up getting stopped out, before a new short signal followed.

Fortunately this second play was able to bag some pips when it reached the initial target. The rest of the position was closed at the same price when another short signal emerged.

This third play was able to bag a few pips as well, but it wasn’t enough to put USD/CAD in positive territory for the week.

Meanwhile, CAD/CHF had a short position left open from the earlier update, and this just wound up in breakeven.

The pair was in consolidation early in the month, before a sharp selloff occurred and generated a long signal at the bottom band.

Fortunately this was able to catch pips on a bounce to the middle band before the remaining half was closed at entry… just before another sharp selloff took place!

A long signal popped up on a test of the bottom band again, and this was able to score more pips as it reached the full target at the opposite band.

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

The last long signal also caught some pips all the way to the opposite band, allowing CAD/CHF to close out with a nice 58-pip or 1.16% gain for the first two weeks of July.

With that, the Short-Term Bollinger Reversion Strategy ended up with a 47-pip or 0.94% gain to kick off Q3.


Seen how the numbers turned out for Q2 2021 yet?