Chart Sign Hunter "SRF2" Buy-the-dip signal for USD/JPY 2019/3/1

Yesterday (March 1, 2019), as shown in the 1-hour chart below, after breaking above the latest high on the daily chart, a shallow pullback at 9:00 a.m. Japan time lit the SRF2 pullback buy signal, and immediately afterward three large bullish candles followed by a resumed uptrend.SRF2 The pullback-buy signal appeared, and the price then continued to rise with three consecutive strong bullish candles.

Dollar/Yen 1-hour chart

※ Please note that this indicator (SRF2) does not come bundled with an indicator that displays the daily chart’s latest high.

Looking at the situation around the resurgence of the uptrend on the 5-minute chart below, after breaking above the downtrend line, a shallow pullback shows the SRF2 pullback-buy signal lighting up. After that, the price continues to rise smoothly.

Dollar/Yen 5-minute chart (March 1, 2019)

※ Please note that this indicator (SRF2) does not come bundled with an indicator that displays trend lines.

【Chart Sign Hunter “SRF2”】

During sharp climbs or drops and strong trending periods, when oscillators struggle to capture moves,

it targets pullbacks and rebounds with pullback-buy and rebound-sell strategies in shallow pullbacks and retracements

https://www.gogojungle.co.jp/tools/indicators/16700