Example of a buying dip signal: AUDJPY 4-hour chart【RCI three lines + BODSOR】
The figure below is a chart of AUD/JPY on the 4-hour timeframe.
AUD/JPY 4-hour chart
Upper panel:BODSOR
Lower panel: 3-line RCI (red: RCI9, light blue: RCI26, yellow: RCI52)
Pullback Buy Signal (pink arrows circled)
Among the three RCI lines, only RCI9 is clearly moving downward.
If RCI9 reverses and rises, there is a possibility that all three lines rise.
In other words, pricing could also rise strongly.
In such a situationBODSORpullback buy signal (pink arrows) lights up.
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USD/JPY 1-hour chart: example of pullback buy and retracement sell signals
※In the charts in this article, for convenience of explanation, circles, lines, rectangles, and other shapes may be drawn which.
Please understand.