The currency pair GBP/USD is in the support zone of 200 EMA and is approaching a round number - 1.35. STS_RSI_MTF_Indicator is oversold on all frames from M1 to Daily. STS_ATR_Distance_Indicator shows that since the beginning of the Day the price has passed 85% of its Daily ATR (Average Daily Movement for the last 6 days).
Because of these arguments, we loaded our STS_Zig_Zag_Bot to open long positions on every M30 candle in which we have a descending 12-period Zig Zag. The Bot is set to close all positions in ascending 20-period Zig Zag. There are currently 3 open positions in 3 consecutive M30 candles.
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Get your STS_ATR_Distance_Indicator now: https://smarttradingsoftware.com/en/indicators/prd/atr-distance-indicator/
Get your STS_RSI_MTF_Indicator now: https://smarttradingsoftware.com/en/indicators/prd/sts-rsi-mtf-indicator/
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