The currency pair USD/CAD on Daily chart made a very strong downward movement in many consecutive Bearish Daily candles and the price moved away to over 120 pips from 10 EMA. Yesterday we had a Bullish candle that broke the top of the last Bearish candle. Today, our STS_MA_Distance_Indicator showed 80 pips distance to 10 EMA. We loaded our STS_MA_Distance_Bot to open long positions on the M5 chart each time the price moved 10 or more pips away from 10 EMA on the M5 chart. Today is Friday, end of the week, and we expected, because of the above arguments, the price to make a second Bullish candle in the direction of 10 EMA. At the moment, we have not yet reached 10 EMA, our positions are at a safe distance and because of that we protected them with a stop at zero risk.
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