【Today 2024/12/06 NZDJPY】Three RCI lines, double top, breaking support at push low, and signal of mBDSR
【Mastering RCI!! Trend Reversal, Buy the Dip, Sell the Rally】
Indicator that shines in combination with RCI: 【BODSOR・mBDSR】
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
NZD/JPY 1-hour chart
On the 1-hour chart above,the three RCI lines are aligned to indicate a decline— a very weak setup. It is not strange to consider a pullback sell on a lower timeframe.Possibility of a double topforming. We will watch the lower timeframes carefully.
NZD/JPY 5-minute chart
On the 5-minute chart above,the swing low was penetrated and then rose, and themBDSR (RCI 2-line filter) Sell signal lit up, and the price dropped sharply. Then, againmBDSR (RCI 2-line filter) Sell signal lit up, and the price further declined
From this example,a trading approach focusing on the RCI 3-line, double tops, and pullbacks (Dow Theory) andthe signals of mBDSR show high compatibility.
Also in this example, by placing the stop-loss slightly above the recent high (the left peak of the double top),a high risk-reward trade is possible.
※ In the charts introduced in this article, please note that for convenience we may have added circles, lines, or boxes.
Indicator that shines in combination with RCI: 【BODSOR・mBDSR】
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file includes 358 items (over 1,400 pages, more than 470,000 characters).
Most of them are summaries of examples that logically link higher and lower timeframes using the three-line RCI, sequentially examining multiple lower timeframes, and ultimately waiting for pullbacks or pullback sell signals (mBDSR) on the lower timeframes.
Also,many entries emphasize identifying points where multiple entry justifications overlap..
Additionally,it also includes methods for exploring upside and downside targets using the three-line RCI..
In the PDF explanations,there are over 1,350 charts used..
Indicator that shines in combination with RCI: 【BODSOR・mBDSR】
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
NZD/JPY 1-hour chart
On the 1-hour chart above,the three RCI lines are aligned to indicate a decline— a very weak setup. It is not strange to consider a pullback sell on a lower timeframe.Possibility of a double topforming. We will watch the lower timeframes carefully.
NZD/JPY 5-minute chart
On the 5-minute chart above,the swing low was penetrated and then rose, and themBDSR (RCI 2-line filter) Sell signal lit up, and the price dropped sharply. Then, againmBDSR (RCI 2-line filter) Sell signal lit up, and the price further declined
From this example,a trading approach focusing on the RCI 3-line, double tops, and pullbacks (Dow Theory) andthe signals of mBDSR show high compatibility.
Also in this example, by placing the stop-loss slightly above the recent high (the left peak of the double top),a high risk-reward trade is possible.
※ In the charts introduced in this article, please note that for convenience we may have added circles, lines, or boxes.
Indicator that shines in combination with RCI: 【BODSOR・mBDSR】
Methods and Case Studies (PDF) ★GogoJungle AWARD2020 Winner★
https://www.gogojungle.co.jp/tools/indicators/11836
The PDF file includes 358 items (over 1,400 pages, more than 470,000 characters).
Most of them are summaries of examples that logically link higher and lower timeframes using the three-line RCI, sequentially examining multiple lower timeframes, and ultimately waiting for pullbacks or pullback sell signals (mBDSR) on the lower timeframes.
Also,many entries emphasize identifying points where multiple entry justifications overlap..
Additionally,it also includes methods for exploring upside and downside targets using the three-line RCI..
In the PDF explanations,there are over 1,350 charts used..
× ![]()
