Example of a buy-the-dip signal — GBP/USD 4-hour chart [RCI three-line + BODSOR]
The figure below is the four-hour chart of the GBP/USD.
GBP/USD Four-Hour Chart
Top row:BODSOR
Bottom row: RCI three lines (red: RCI9, light blue: RCI26, yellow: RCI52)
Buy-the-dip signal (pink arrows circled)
Among the three RCI lines, only RCI9 is clearly declining.
If RCI9 reverses and rises, there is a possibility that all three RCIs rise together.
In other words, there is a possibility of a strong rise in price as well.
In such a situationBODSORbuy-the-dip signal (pink arrow) lights up.
Indicator that displays Buy-the-dip and Sell-the-rally signals【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-dip and Sell-the-rally signals on the USD/JPY 1-hour chart
*In the charts in this article, for convenience of explanation, some circles, straight lines, and squares may be drawn.
Please understand.
