ZeroFX Signal Update
Earlier today I sent out an email to all Zero subs after seeing signs of selling exhaustion on the AUD/JPY:
This is the screen grab I attached to the email. Not only was this a possible selling exhaustion setup, we also had a very conveniently placed NLSL nearby which allowed us to place a stop only a few pips below our entry – offering minimum risk. Now let’s see what happened to that setup:
Well, I can firmly assign this to the kick ass trade category. Not only took the AUD/JPY a b-line upward – it also bestowed us with an inverse buying exhaustion signal indicating that it was time to exit and grab a few pips to the downside.
Please show me any other indicator that gives you signals like this. And we haven’t even covered signal divergences yet.
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