[Today 2024/12/06 Pound/Yen] Push-low, double bottom, and mbDSR (RCI two-filter) pullback buy signal

【Mastering RCI!! Trend Reversal, Buy on Dips, Sell on Rallies】

Indicator that shines with the combination of RCI【BODSOR・mBDSR】
and technique / case studies (PDF) ★Winner of GogoJungle AWARD2020★
https://www.gogojungle.co.jp/tools/indicators/11836



GBPJPY 15-minute chart


On the upper 15-minute chart,the 5-minute chart’s swing lowcould provide support.Double bottommay form and rise; while watching for signs of reversal on the lower timeframes around the area encircled in white.

GBPJPY 1-minute chart


On the upper 1-minute chart,near the 5-minute chart’s swing lowwhere it has fallen to,mBDSR (Filter: RCI26 and RCI52) Buy-the-dip signallights up, and price clearly moves higher.

From this example,a trading method focused on swing lows and double bottomsandthe signals of mBDSRshow a strong synergy.

Also in this example, by placing the stop loss slightly below the 5-minute chart’s swing lowbelow the swing low of the 5-minute chartyou can achieve a high risk-reward favorable tradewith good edge..


※Please note that for readability, the charts shown in this article may have added circles, lines, or boxes.



Indicator that shines with the combination of RCI【BODSOR・mBDSR】
and technique / case studies (PDF) ★Winner of GogoJungle AWARD2020★

https://www.gogojungle.co.jp/tools/indicators/11836

　The PDF file contains 358 items (over 1,400 pages, over 470,000 characters in total).

Most of thesepresent a way to logically link the higher and lower timeframes using three RCI lines, sequentially analyze multiple lower timeframes, and ultimately wait for a dip buy or rally sell timing (i.e., mBDSR signals) on the lower timeframesas an integrated example.

Also,there are many that focus on capturing points where multiple entry reasons coincide..

Additionally,there are methods exploring ascent and descent targets using three RCIs..

In the PDF explanations,more than 1,350 chartsare used.