Waiting for pullbacks and retrace sells for those who can “wait” as an indicator

The reason you tend to lose with FX is not that you can’t pick the right trades.It’s not because you can’t hit the mark.

In many cases,you end up entering when you shouldn’tand this is the cause.

This indicatoris not designed to increase opportunities,
but to reduce unnecessary entries.

This indicator’s concept

• Do not trade against the trend

• Only target pullbacks and retracements

• Don’t chase too deeply

• Give early “feelers” but be cautious about entry decisions

Designed to strike a balance between discretion and mechanical judgment.

① First, decide the market direction.

This indicatorfirst decides whether the market is currently targeting upside or downside.

The indicators used are

• Price structure (new highs and new lows)

• Direction and position of moving averages (MA)

.

This creates a state where

• Uptrend → consider only buying

• Downtrend → consider only selling

.

There are no signals that go against the trend from the start.

② We carefully select only pullbacks and retracements

We don’t chase highs or sell at lows.

Using RSI,

• Buy: in a slightly pulled back, calm area (40–50)

• Sell: in a slight retracement area (50–60)

Only target the “breathing zone.”.

Furthermore,

• Use ATR (range/volatility)

• If movement is too deep,判断 it’s not a pullback

Avoid scenes where the market is breaking down.

③ Don’t go against the higher-timeframe trend (H4 gate)

Even if it looks like a pullback on a short time frame,
on a larger timeframe the price may be moving against you.

This indicator

• If H4 is downward → do not emit a buy signal

• If H4 is upward → do not emit a sell signal

as a safety mechanism.

④ Meaning of the green and red arrows

• ? Green arrow
  → a place where you may consider a pullback buy

• ? Red arrow
  → a place where you may consider a retracement sale

This is

• the trend

• the pullback level

• the depth

• the higher-timeframe momentum

All of these conditions must be met for it to be shown..

⑤ Yellow dots (RCI Watch) — Important

This is the indicator’s key feature.

The yellow dots are
not entry signals.

They represent

an early alert that a pullback or retracement may be coming soon

and a warning signal.

Role of the RCI Watch

• Detects the moment when human emotion is spilling over and direction begins to change

• Conditions are not yet aligned

• Therefore arrows do not appear

These are signals to prepare for watching.

Even when the yellow appears,

• Often no arrow will appear and that’s fine

• That is okay

Rather, you should think of it as a situation where you have avoided entering.
.

⑥ Simple beginner-friendly usage

Recommended timeframe

• M15 (start with this)

Workflow

1. Display on M15 chart

2. Watch for yellow dots

3. If arrows appear, consider

4. If arrows do not appear, do nothing

Do not enter based on yellow alone
This is the most important point.

⑦ Who this indicator is suited for

• Want to reduce unnecessary entries

• Do not want to be exhausted by trading

• Want to focus on pullbacks and retracements

• Want to practice sticking to rules

Conversely,

• Always want to hold a position

• Want to scalp and trade every minute

This is not for you.

Finally

This indicator is nota magical tool guaranteed to make you win.

However,

• reduces trades you don’t need to take

• reduces emotionally driven entries

This helps you survive longer in the market.

To survive longer in the market,
you need the power of patience.

Tenrei Pullback signalis designed as a supplementary aid for that purpose.