The CAD/JPY currency pair has formed a strong Bearish Divergence on the Weekly Chart. STS_ATR_Distance_Indicator shows that since the beginning of the Month the price has passed 108% of its Monthly ATR (Average Monthly Movement for the last 6 months). These arguments give us a high probability for downward movement and that is why we loaded our STS_Zig_Zag_Bot to open short positions on each Daily candle in which we have an ascending 12-period Zig Zag and to close all positions on a descending 20-period Zig Zag. Currently the Bot has opened 1 short position.
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