Today (2/3)'s Top Recommended Ironclad Entry! (EURUSD)
❝TenchiChart (Reiwa Version)❞
Today (2/3)’s top recommended ironclad entry!
（EURUSD）
☆ Moving average support/resistance lines (3 lines dashed) and
Indicator support/resistance lines (3 lines dashed) show entry points just about simultaneously on a breakout!
Breakouts above/below at nearly the same time
Among the many moving averages, in an uptrend there are certain lines of a fixed width that effectively function as pullback support lines.
As a support line during pullbacks and continue to be effective.
Similarly, in a downtrend there are fixed-width lines that effectively function as retracement resistance lines.
They act as resistance lines during rallies.
In other words, if in an uptrend the price breaks below a support line, a downtrend has begun, and
if in a downtrend the price breaks above a resistance line without bouncing, an uptrend has begun.
In short,Support and resistance lines become turning lines.
This concept also applies to indicators.
In Tenchi Chart (Reiwa Version), not only moving averages,
but also indicator curve bandsare displayed clearly as lines that function as support/resistance = turning lines
＼ 【Tenchi Chart (Reiwa Version)】’s Gogojan product page is,here／
https://www.gogojungle.co.jp/tools/indicators/42380
