AUDJPY 1-hour chart pullback buying signal example【RCI three lines + BODSOR】

The figure below is the AUDJPY 1-hour chart.


AUDJPY 1-hour chart

Upper part:BODSOR
Lower part: 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 declining.
If RCI9 reverses and moves up, all three RCIs could rise together.
In other words, the price could also rise strongly.

In such a situation,BODSOR pullback buy signal (pink arrow) lights up.

Immediately after the signal, four consecutive bullish candles can be seen.


An indicator developed to improve the entry accuracy when using the three-line RCI for pullback buying or pullback selling.



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Example of pullback buy and pullback sell signals on the USD/JPY 1-hour chart



※In the charts in this article, for convenience of explanation, you may see additions such as circles, lines, and squares drawn in yen.
Please understand.