Example of Selling Signals USDJPY 4-hour chart [RCI three lines + BODSOR]
The figure below is a chart of USD/JPY on a 4-hour timeframe.
USD/JPY 4-hour chart
Top row:BODSOR
Bottom row: RCI three-line indicator (red: RCI9, light blue: RCI26, yellow: RCI52)
Sell limit signal (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and falls, there is a possibility that all three RCI lines will decline.
In other words, there is also a possibility of strong price decline.
In such a situationBODSOR sell limit signal (yellow arrow) lights up.
Indicator that shows buy the dips and sell the rallies【BODSOR】
Twitter
https://twitter.com/RCIX3Line
Blog
http://bodsor.blog.fc2.com/
Investment Navi+
https://fx-on.com/navi/serial/?id=359
YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw
Example of buy the dips / sell the rallies signals on USD/JPY 1-hour chart
※In the charts in this article, for convenience of explanation, you may see additions such as circles, lines, and rectangles.
Please understand.