The currency pair made a strong upward movement against the Moving Averages on the H4 timeframe and the 6-period RSI made a Bearish Divergence. As we wrote in the analysis from July 12, 2021 , the pair GBPJPY made a return to 10 EMA. Our STS_MA_Distance_Bot closed the short trade successfully. ...
GBP/JPY Bearish Divergence
The pair GBP/JPY made a Bearish Divergence on H4 timeframe. The Moving Averages show downtrend. STS_MA_Distance_Indicator shows 50 pips distance to 10 EMA on H4. Our STS_MA_Distance_Bot made a short trade. The statistics from the backtest with STS_MA_Distance_Tester show us 2 consecutive losses of the strategy ...
EUR/JPY Monthly Oversold
For the pair EUR/JPY we expect the price to go down to 10 EMA on the Monthly Chart - 129 pips down from the current price. On the H4 timeframe, the Moving Averages show a downtrend. We have a clear direction for a short position. We loaded our STS MA Distance Bot to make a short trade when the price moves ...
USD/JPY Successful Trade
As we wrote in our Analysis from July 07 2021 the pair USD/JPY had 3 consecutive unsuccessful trades with the MA_Distance_Strategy , parameters - 30 pips distance from 10 EMA on H4 timeframe. We were expecting the 4th trade to be successful and loaded our STS MA Distance Bot to make a short trade, because ...
USD/JPY Weekly Divergence
The USD/JPY pair has a Bearish Divergence on a Weekly chart. STS MA Distance Indicator shows us that the distance to 10 EMA on the Weekly chart is 68 pips. After backtesting the pair with STS MA Distance Tester we currently have three consecutive losses from the STS MA Distance Strategy with settings H4 ...