Don’t waste your time – keep track of how NFP affects the US dollar!
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Bulls/Bears Power oscillators are used to identify good entry/exit points. The indicators reflect the power of bulls and bears. It is recommended to use them together with the Exponential Moving Average indicator (EMA, the best period is 13).
Buy signals:
It is better not to go long if the Bears Power is positive.
Sell signals:
It is better not to go short if the Bulls Power is negative.
A divergence between the Bulls/ Bears Power and prices is the best time for trading.
