Example of a short signal at the 1-minute chart level: USD/JPY [RCI 3-line + BODSOR]
The figure below is a 1-minute chart of USD/JPY.
USD/JPY 1-Minute Chart July 5, 2018
Top part:BODSOR
Bottom: RCI three lines (Red: RCI9, Light blue: RCI26, Yellow: RCI52)
Sell signal on a pullback (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and declines, all three RCIs may decline together.
In other words, the price could also fall sharply.
In such a situationBODSORpullback sell signal (yellow arrows) lights up.
Indicator displaying pullback-buying and pullback-selling 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 a pullback-buying and pullback-selling signal on the 1-hour chart of USD/JPY
※ For convenience in explaining, some charts in this article may include added annotations such as circles, lines, or rectangles.
Thank you for your understanding.