Currently, the currency pair NZD/CAD on H4 timeframe is moving against the Moving Averages in a downward direction and is approaching support of 500 EMA. Our STS_MA_Distance_Indicator shows a distance of up to 10 EMA of 29 pips. RSI is oversold. These are sufficient reasons to believe that the price will find support at the current levels and will make an upward movement, at least up to 10 EMA.
That's why we loaded our STS_MA_Distance_Bot to open long positions when the distance to 10 EMA is at least 30 pips. The Trading Robot will open trades on each H4 candle if the conditions match. We currently have an open long position.
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