The currency pair USD/CHF made a strong upward movement in the beginning of the month and during last week - a strong downward movement, which formed a V-shaped peak at the psychological level of 1.00. Our STS_ATR_Distance_Indicator shows that since the beginning of the Month the price has passed 122% of its Monthly ATR up and 122% of its Monthly ATR (Average Monthly Movement for the last 6 months) down. We expect that the price will remain in range until the end of the Month, so we loaded our STS_Zig_Zag_Bot to open long and short positions on each M30 candle in which we have a 20-period Zig Zag and close them at an opposite 20-period Zig Zag.
For the moment, the Bot has opened a long position.
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