As we expected in our Forex Analysis from July 29, 2021, the pair USD/CAD on H4 timeframe found support in the area around 200 EMA.
Our STS_MA_Distance_Bot was loaded to open long positions on each H4 candle when STS_MA_Distance_Indicator shows 50 pips distance to 10 EMA. The conditions were met in 4 consecutive H4 candles, so the Bot opened 4 long positions. It closed them when the price returned to 10 EMA.
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