The currency pair GBP/USD on Daily chart is at Resistance from 200 EMA and RSI 6 period forms Bearish Divergence with the price. Our STS_ATR_Distance_Indicator shows that since the beginning of the Week the price has passed 87% of its Weekly ATR (Average Weekly price movement for the last 6 weeks).
The STS_MA_Distance_Indicator shows that the current price is 109 pips away from 10 EMA. Because of these and the above arguments, we loaded our STS_MA_Distance_Bot to open short positions on each Daily Candle if the price is at distance 100 or more pips to 10 EMA. The target of the Bot is to close all positions when the price returns to 10 EMA.
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