Capture Trend Reversals: NZD/USD 1-Hour Chart [RCI 3 Lines + BODSOR]

RCI3 Double Top Before Resistance and RCI3 Double Bottom After Support


The figure below is the NZD/USD 1-hour chart from last week (April 3–6, 2018).

NZD/USD 1-Hour Chart

Upper section：BODSOR
Lower section: RCI3 lines (red: RCI9, light blue: RCI26, yellow: RCI52)


(1) Pullback Buy Signal (pink arrow circled)

Among the three RCI lines, only RCI9 is clearly trending downward.
If RCI9 reverses and moves upward, all three RCI lines may rise together.
In other words, price may also experience a strong rise.

In this kind of situationBODSORpullback buy signal (pink arrow) lights up.

When the BODSOR signal lights up, two bullish candles appear in succession, andthe price continues to rise, so in this case it functions well as a pullback buy.signal.(2) Pullback Sell Signal (yellow arrow circled)Among the three RCI lines, only RCI9 is clearly rising.If RCI9 reverses downward, all three RCI lines may decline together.In other words, price may also experience a strong drop.In this kind of situationBODSORpullback sell signal (yellow arrow) lights up.BODSOROn the next candle after the signal lights up, a large bearish candle forms. This case shows that the signal functions well as a pullback sell.Indicator that displays pullback buy and pullback sell signals【BODSOR】Twitterhttps://twitter.com/RCIX3LineBloghttp://bodsor.blog.fc2.com/Investment Navigator+https://fx-on.com/navi/serial/?id=359YouTubehttps://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGwUSD/JPY 1-HourCAD/JPY 1-Hour
the price continues to rise, so in this case it functions well as a pullback buy.
signal.


(2) Pullback Sell Signal (yellow arrow circled)

Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses downward, all three RCI lines may decline together.
In other words, price may also experience a strong drop.

In this kind of situationBODSORpullback sell signal (yellow arrow) lights up.

BODSOROn the next candle after the signal lights up, a large bearish candle forms. This case shows that the signal functions well as a pullback sell.



Indicator that displays pullback buy and pullback sell signals【BODSOR】


Twitter
https://twitter.com/RCIX3Line

Blog
http://bodsor.blog.fc2.com/

Investment Navigator+
https://fx-on.com/navi/serial/?id=359

YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw


USD/JPY 1-Hour



CAD/JPY 1-Hour