I’m seeing a lot of range-bound action on both USD/CAD and CAD/CHF for the past week, but did these pairs catch valid signals and wins? Time 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 moved mostly sideways for the week and bounced off the bottom and top bands a few times but didn’t really generate any valid signals.
USD/CAD 1-hour Forex Chart
CAD/CHF didn’t really reach any of the Bollinger Bands over the past few days, so no new signals were generated as well.
CAD/CHF 1-hour Forex Chart
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!