【RCI3 Three-Line+BODSOR】Pattern that targets a pullback buy on the 4-hour when the daily chart is showing a very strong shape AUDJPY
AUD/JPY Daily
Lower panel: 3-line RCI (red: RCI9, light blue: RCI26, yellow: RCI52)
On the daily chart, all three RCI lines are rising together, forming a very strong pattern
Looking to buy on a pullback on the 4-hour chart???
AUD/JPY 4-Hour
Upper: BODSOR
Lower: 3-line RCI (red: RCI9, light blue: RCI26, yellow: RCI52)
Pullback Buy Signal (pink arrows circled)
Of the three RCI lines, only RCI9 is clearly descending.
If RCI9 reverses and rises, there is a possibility that all three RCIs rise together.
In other words, the price may also rise strongly.
In such a situationBODSORpullback buy signal (pink arrow) lights up.
Immediately after the signal lights, three bullish candles appear in succession. Thereafter, it continues to rise smoothly, making new highs.
An indicator developed to enhance entry accuracy when using the 3-line RCI for pullback buys or rebound sells
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 buy and rebound sell signals on USD/JPY 1-hour chart
*Please note that charts in this article may include added circles, lines, or boxes for explanatory convenience.
Thank you for your understanding.