Daily chart level pullback buy signal example USDCAD【RCI three lines + BODSOR】
The figure below is the USD/CAD daily chart.
USD/CAD Daily
Top: BODSOR
Bottom: RCI three-line indicator (red: RCI9, light blue: RCI26, yellow: RCI52)
Pullback Buy Signal (pink arrow encircled)
Among the three RCI lines, only RCI9 is clearly declining.
If RCI9 reverses and rises, all three RCI lines may rise together.
In other words, price may also rise strongly.
In this kind of situationBODSOR pullback buy signal (pink arrow) lights up.
Indicator that displays pullback buy and pullback sell signals【BODSOR】
Twitter
https://twitter.com/RCIX3Line
Blog
http://bodsor.blog.fc2.com/
Invest Navi Plus
https://fx-on.com/navi/serial/?id=359
YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw
Examples of pullback buy and pullback sell signals on the USD/JPY 1-hour chart
※ In the charts in this article, for convenience of explanation, circles, straight lines, squares, and other marks may be drawn, so please understand.