[Good Risk-Reward Trade] Retracement sell signal on the higher timeframe downtrend line and mBDSR (RCI two-line filter)
Indicator that shines in combination with RCI【BODSOR・mBDSR】
Method and Case Studies (PDF) ★GogoJungle AWARD2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
CAD/JPY 1-hour chart
If you look at the area circled in white on the top 1-hour chart,a downward trendlineis approached, and it might not be strange to consider selling on a pullback on lower timeframes. We will look for signs of a reversal on the lower timeframe.
CAD/JPY 5-minute chart
On the top 5-minute chart,near the upper timeframe's downward trendlinethere is adouble topforming and moving downward. Here,mBDSR (filters: RCI26 and RCI52) pullback sell signalistimely catching the start of the decline to the right side of the double topwell.
Rise toward the higher timeframe downward trendline vicinityandthe mBDSR two-filter pullback sell signaloverlap as multiple entry reasons.
From this example,a trading method focusing on downward trendlines and double topsandthe signals of mBDSRshow strong compatibility.
Also in this example, placing the stop loss atthe left-side peak of the double top (recent high)allows fora favorable risk-reward trade.
※Please note that for convenience of description, some charts in this article may have added circles, lines, and boxes.
Indicator that shines in combination with RCI【BODSOR・mBDSR】
Method and Case Studies (PDF) ★GogoJungle AWARD2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file includes 358 pieces (over 1,400 pages, over 470,000 characters).
Most of them are summaries of examples where multiple lower-timeframe conditions are sequentially examined by logically linking the higher and lower timeframes using three RCI lines, ultimately waiting for pullbacks on the lower timeframe (i.e., mBDSR signals).
Also,many are focused on capturing points where multiple entry signals coincide..
Additionally,there are methods for exploring upside targets and downside targets using three RCI lines..
In the PDF explanations,more than 1,350 chartsare used.
Method and Case Studies (PDF) ★GogoJungle AWARD2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
CAD/JPY 1-hour chart
If you look at the area circled in white on the top 1-hour chart,a downward trendlineis approached, and it might not be strange to consider selling on a pullback on lower timeframes. We will look for signs of a reversal on the lower timeframe.
CAD/JPY 5-minute chart
On the top 5-minute chart,near the upper timeframe's downward trendlinethere is adouble topforming and moving downward. Here,mBDSR (filters: RCI26 and RCI52) pullback sell signalistimely catching the start of the decline to the right side of the double topwell.
Rise toward the higher timeframe downward trendline vicinityandthe mBDSR two-filter pullback sell signaloverlap as multiple entry reasons.
From this example,a trading method focusing on downward trendlines and double topsandthe signals of mBDSRshow strong compatibility.
Also in this example, placing the stop loss atthe left-side peak of the double top (recent high)allows fora favorable risk-reward trade.
※Please note that for convenience of description, some charts in this article may have added circles, lines, and boxes.
Indicator that shines in combination with RCI【BODSOR・mBDSR】
Method and Case Studies (PDF) ★GogoJungle AWARD2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file includes 358 pieces (over 1,400 pages, over 470,000 characters).
Most of them are summaries of examples where multiple lower-timeframe conditions are sequentially examined by logically linking the higher and lower timeframes using three RCI lines, ultimately waiting for pullbacks on the lower timeframe (i.e., mBDSR signals).
Also,many are focused on capturing points where multiple entry signals coincide..
Additionally,there are methods for exploring upside targets and downside targets using three RCI lines..
In the PDF explanations,more than 1,350 chartsare used.
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