Example of a RSI-based selling signal EUR/USD 5-minute chart [RCI three lines + BODSOR]
The figure below shows the EUR/USD 5-minute chart.
EUR/USD 5-minute chart
Upper row:BODSOR
Lower row: 3-line RCI (red: RCI9, light blue: RCI26, yellow: RCI52)
Sell signal on pullback (yellow arrows encircled)
Only RCI9 is clearly rising among the three RCI lines.
If RCI9 reverses and declines, all three RCIs may turn downward at once.
In other words, price could also fall strongly.
In such a situationBODSOR pullback/sell signal (yellow arrow) lights up.
Indicator showing buy on dips & sell on pullbacks: 【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 pullback/buy on dips and sell on rallies on USD/JPY 1-hour chart
※Note that in charts within this article, for convenience of explanation, there may be additions of circles, lines, rectangles, etc.,
so please understand.