As we wrote in our Analysis from 03.05.2022, the currency pair USD/CHF was at strong levels of Resistance and we expected it to make a Downward movement.
We loaded our STS_Zig_Zag_Bot to open short positions on each H4 Candle with an ascending 12-period Zig Zag and to close all positions on a descending 20-period Zig Zag on the Daily Chart. When the data from the Fed's decision on May 4, 2022 came out, the currency pair made a sharp and strong downward movement. Our STS_ATR_Distance_Indicator showed that we have passed 86% of the Weekly ATR (Average Weekly Movement for the last 6 weeks) and we decided to close all opened positions.
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