Eurodollar 1-minute chart Example of a pullback selling signal [RCI 3 lines + BODSOR]
The figure below is the euro-dollar 1-minute chart.
Euro-dollar 1-minute chart August 6, 2018
Upper panel:BODSOR
Lower panel: Three RCI lines (Red: RCI9, Light blue: RCI26, Yellow: RCI52)
Reversal selling signal (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, there is a possibility that the price could also move strongly downward.
In such a situationBODSORreversal selling signal (yellow arrows) lights up.
Indicator that displays pullback buying and reversal selling signals [BODSOR]
Twitter
https://twitter.com/RCIX3Line
Blog
http://bodsor.blog.fc2.com/
Invest Navi+
https://fx-on.com/navi/serial/?id=359
YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw
USD/JPY 1-hour chart example of pullback buying and reversal selling signals
Note: For convenience in this article, charts may include added marks such as circles, lines, or boxes.
Please understand.