Upper shadow pin bar, 2B reversal, double top, and mBDSR (RCI two-filter) sell signal on the retreat
【MT5 Version Beta】 has been released!!
mBDSR (Product ID 11836) Purchase Bonus: MT5 Version Indicator (Beta) “mBDSR (No Filter, RCI Filter, MA Filter)”
https://www.gogojungle.co.jp/tools/indicators/56765
【Master RCI!! Trend Reversal, Buy on Dips, Sell on Rallies】
An indicator that shines when paired with RCI【BODSOR・mBDSR】
and methods & case studies (PDF) ★GogoJungle AWARD 2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
GBPJPY 1-hour chart
Looking around the area circled in white on the 1-hour chart above, it suggests a declinePin Bar(a long upper wick on the candlestick) has appeared, and it might not be odd to consider selling rallies on lower timeframes. In this case,Pin Baris a pattern where traders who jumped in on strong upward movement get caught. Public sentiment is interpreted as bearish when this occurs.
GBPJPY 30-minute chart
Looking at the area circled in white on the 30-minute chart above, it suggests a decline2B Reversal (Two-Bar Reversal)has appeared, and it may not be odd to consider selling rallies on lower timeframes. In this case,2B Reversal (Two-Bar Reversal)is a pattern where traders who jumped in on strong upward movement get caught. Public sentiment is interpreted as bearish when this occurs.
GBPJPY 5-minute chart
On the 5-minute chart above, in the 1-hour chartPin Baris present, while on the 30-minute chart2B Reversal (Two-Bar Reversal)appears, so it may not be unusual for prices not to break to new highs, forming a possibleDouble Topand to move lower. It may be worth checking the lower timeframes.
GBPJPY 1-minute chart
On the 1-minute chart above, at the right peak of theDouble Topon the 5-minute chartmBDSR (RCI 2-filter) Sell Signallights up and the price declines steadily.
From this example,a trading method focusing on Pin Bars, 2B Reversals, and Double Topandthe signals of mBDSRshow strong compatibility.
Additionally, in this example, placing the stop loss slightly above the most recent high can enable a high risk-reward trade.
Note: In this article, charts may have circles, lines, or rectangles drawn for explanatory convenience.
An indicator that shines when paired with RCI【BODSOR・mBDSR】
and methods & case studies (PDF) ★GogoJungle AWARD 2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file contains 358 documents (over 1,400 pages, over 470,000 characters).
Most of them are examples that, using the 3-line RCI, logically link higher and lower timeframes to sequentially consider the状况 of multiple lower timeframes and, finally, wait for pullbacks or rallies signals on lower timeframes (i.e., mBDSR signals).
In addition,many focus on capturing points where multiple entry reasons align..
Also included is a method to explore upside targets and downside targets using three RCI lines.
In the PDF explanations,more than 1,350 chartsare used.
mBDSR (Product ID 11836) Purchase Bonus: MT5 Version Indicator (Beta) “mBDSR (No Filter, RCI Filter, MA Filter)”
https://www.gogojungle.co.jp/tools/indicators/56765
【Master RCI!! Trend Reversal, Buy on Dips, Sell on Rallies】
An indicator that shines when paired with RCI【BODSOR・mBDSR】
and methods & case studies (PDF) ★GogoJungle AWARD 2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
GBPJPY 1-hour chart
Looking around the area circled in white on the 1-hour chart above, it suggests a declinePin Bar(a long upper wick on the candlestick) has appeared, and it might not be odd to consider selling rallies on lower timeframes. In this case,Pin Baris a pattern where traders who jumped in on strong upward movement get caught. Public sentiment is interpreted as bearish when this occurs.
GBPJPY 30-minute chart
Looking at the area circled in white on the 30-minute chart above, it suggests a decline2B Reversal (Two-Bar Reversal)has appeared, and it may not be odd to consider selling rallies on lower timeframes. In this case,2B Reversal (Two-Bar Reversal)is a pattern where traders who jumped in on strong upward movement get caught. Public sentiment is interpreted as bearish when this occurs.
GBPJPY 5-minute chart
On the 5-minute chart above, in the 1-hour chartPin Baris present, while on the 30-minute chart2B Reversal (Two-Bar Reversal)appears, so it may not be unusual for prices not to break to new highs, forming a possibleDouble Topand to move lower. It may be worth checking the lower timeframes.
GBPJPY 1-minute chart
On the 1-minute chart above, at the right peak of theDouble Topon the 5-minute chartmBDSR (RCI 2-filter) Sell Signallights up and the price declines steadily.
From this example,a trading method focusing on Pin Bars, 2B Reversals, and Double Topandthe signals of mBDSRshow strong compatibility.
Additionally, in this example, placing the stop loss slightly above the most recent high can enable a high risk-reward trade.
Note: In this article, charts may have circles, lines, or rectangles drawn for explanatory convenience.
An indicator that shines when paired with RCI【BODSOR・mBDSR】
and methods & case studies (PDF) ★GogoJungle AWARD 2020 winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file contains 358 documents (over 1,400 pages, over 470,000 characters).
Most of them are examples that, using the 3-line RCI, logically link higher and lower timeframes to sequentially consider the状况 of multiple lower timeframes and, finally, wait for pullbacks or rallies signals on lower timeframes (i.e., mBDSR signals).
In addition,many focus on capturing points where multiple entry reasons align..
Also included is a method to explore upside targets and downside targets using three RCI lines.
In the PDF explanations,more than 1,350 chartsare used.
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