The GBP/USD currency pair formed a bottom in the middle of the Month at 1.2155. Since then we are in a strong upward movement which, at the current levels, is about 85% of the Monthly ATR. Our STS_ATR_Distance_Indicator shows that in the downward movement the price has passed 102% of its Monthly ATR (Average Monthly Movement for the last 6 months).
We expect the price to be in Range by the end of the Мonth, so we loaded two STS_Zig_Zag_Bots. The first Bot will open short positions on each H1 candle in which we have a 20-period ascending Zig Zag and will close all positions on a descending 20-period Zig Zag on H1 Timeframe. The second Bot will open long positions on each M30 candle in which we have a descending 20-period Zig Zag and will close all positions on an ascending 20-period Zig Zag on M30 Timeframe.
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