The currency pair USD/CHF has been in a strong uptrend for two months now. The price reached historical level of 1.00. Our STS_ATR_Distance_Indicator shows that since the beginning of the month the price has passed 118% of its Monthly ATR (Average Monthly movement for the last 6 months). Our STS_RSI_MTF_Indicator shows extremely high values and the overbought state. We expect the price to correct from the current levels, so we loaded our STS_Zig_Zag_Bot to open short positions on each H4 candle with an ascending 20-period Zig Zag and close all positions on a descending 20-period Zig Zag. Currently the Bot has one open short position.
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