4-hour chart level【RCI 3 line + BODSOR】rebound selling signal example EUR/USD
The figure below is the Euro/USD 4-hour chart.
EUR/USD 4-hour chart
Top section:BODSOR
Bottom section: Three RCI lines (Red: RCI9, Light blue: RCI26, Yellow: RCI52)
Sell-on-rebound signal (yellow arrows in circles)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and falls, all three RCIs may turn downward.
In other words, the price may also fall strongly.
In such a situationBODSOR sell-on-rebound signal (yellow arrows) lights up.
Indicator displaying pullback buy / rebound sell signals [BODSOR]
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Example of a pullback buy / rebound sell signal on the USD/JPY 1-hour chart
Note: In this article’s chart, for convenience of explanation,円 (yen) and straight lines or rectangles may be drawn, etc.
Thank you for your understanding.