Dollar-Yen 4-hour pullback buying signal example [RCI three-line + BODSOR]
The figure below is the USD/JPY 4-hour chart.
USD/JPY 4-hour
Top row:BODSOR
Bottom: RCI three lines (red: RCI9, light blue: RCI26, yellow: RCI52)
Pullback Buy Signal (pink arrows circled)
Among the three RCI lines, only RCI9 is clearly moving downward.
If RCI9 reverses and rises, all three RCIs may rise together.
In other words, prices could rise strongly as well.
In such a situationBODSORpullback buy signal (pink arrows) lights up.
Indicator displaying pullback buy and pullback sell signals【BODSOR】
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Example of pullback buy and pullback sell signals on the USD/JPY 1-hour chart
Note: For convenience in explanations, the charts in this article may have added circles, lines, or rectangles of yen, etc., so please understand.
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