Example of a selling signal after a pullback: EUR/USD 5-minute chart (adjustment after the rise following the U.S. employment data) [RCI three lines + BODSOR]
The figure below is the euro-dollar 5-minute chart.
Euro-Dollar 5-Minute Chart
Upper part:BODSOR
Lower part: Three-line RCI (Red: RCI9, Light blue: RCI26, Yellow: RCI52)
Sell on pullbacks signal (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses downward, there is a possibility that all three RCIs will decline.
In other words, the price could also fall sharply.
In such a situation,BODSORpullback/sell signal (yellow arrows) lights up.
Indicator displaying pullback buying and sell-on-pullback 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
USD/JPY 1-hour chart: Example of pullback buying and sell-on-pullback signals
*In charts within this article, for convenience of explanation, there may be additions such as circles, lines, or rectangles.
Thank you for your understanding.
