Example of selling reversal signal - USD/JPY 1-minute chart [RCI three lines + BODSOR]
The figure below is a 1-minute chart of USD/JPY.
USD/JPY 1-minute chart, July 25, 2018
Upper section:BODSOR
Lower section: Three lines of RCI (red: RCI9, light blue: RCI26, yellow: RCI52)
Sell signal at a pullback (yellow arrows circled)
Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 turns downward, there is a possibility that all three RCIs will move downward.
That is, prices may also experience a strong decline.
In such a situation,BODSORpullback/sell signal (yellow arrows) lights up.
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Examples of pullback-buying and pullback-sell signals on the USD/JPY 1-hour chart
Note: For readability in this article, diagrams may include drawings of circles, lines, squares, etc.
Thank you for your understanding.