Example of a sell signal — GBP/JPY 5-minute chart [RCI three lines + BODSOR]

The figure below is the GBP/JPY 5-minute chart.


GBP/JPY 5-minute chart July 26, 2018

Upper section:BODSOR
Lower section: Three-line RCI (red: RCI9, light blue: RCI26, yellow: RCI52)


Sell-on-rally signal (yellow arrow circled)

Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and declines, there is a possibility that all three RCIs will decline.
In other words, the price may also fall strongly.

In such a situation,BODSORsell-on-rally signal for the pullback (yellow arrow) lights up.


Indicator displaying pullback-buying and sell-on-rally 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 pullback-buying and sell-on-rally signals on the USD/JPY 1-hour chart



*In the charts in this article, for convenience of explanation, you may see added circles, lines, and rectangles,
so please understand.