The day before yesterday, after the sign turned on, fell sharply; EUR/USD 1-hour chart [RCI 3-line + BODSOR]

The figure below is the 1-hour EUR/USD chart from April 10 to 13, 2018.


Upper row:BODSOR
Lower row: Three RCI lines (Red: RCI9, Light Blue: RCI26, Yellow: RCI52)


Sell limit/short entry signal (yellow arrows circled)

Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and rises, all three RCIs may turn downward, creating a situation for a potential trend reversal.
In other words, price could also fall strongly.

In such a situation,BODSORshort entry signal (yellow arrow) lights up.

Right after the BODSOR signal lights up, two bearish candles occur in succession, andprices continue to fall significantly thereafter, so in this case the signal functions well as a pullback-selling signal.signaling a good pullback-sell signal.Indicator displaying pullback-buy / 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-g5uAlesiWVJEDtWlFvGw USD/JPY 1-hour chart CAD/JPY 1-hour chart
prices continue to fall significantly thereafter, so in this case the signal functions well as a pullback-selling signal.
signaling a good pullback-sell signal.



Indicator displaying pullback-buy / 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 chart



CAD/JPY 1-hour chart