Example of a selling signal USD/CAD 1-hour chart【RCI three lines + BODSOR】
The figure below is the USD/CAD 1-hour chart.
USD/CAD 1-hour chart
Upper part:BODSOR
Lower part: RCI three lines (red: RCI9, light blue: RCI26, yellow: RCI52)
Sell on retrace signal (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and declines, there is a possibility that all three RCIs will decline.
In other words, price may also fall sharply.
In such a situationBODSORSell on retrace signal (yellow arrows) lights up.
Indicator that displays pullback buy and retrace sell signals 【BODSOR】
Twitter
https://twitter.com/RCIX3Line
Blog
http://bodsor.blog.fc2.com/
Investment Navigator Plus
https://fx-on.com/navi/serial/?id=359
YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw
An example of pullback buying and retrace selling signals on USD/JPY 1-hour chart
*In the charts in this article, for convenience of explanation, there may be annotations such as circles, lines, and squares drawn in.
Please note.