Today's (3/12) steel entry point! (BTCUSD)
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MT4 Indicator
Today's Sure Entry Point (3/12)!
(BTCUSD)
★Break above/below the turning line for entry (click image to enlarge).
Among many moving averages, in an uptrend,
there exists a line that functions effectively as ansupport line during pullbacks as a line of a certain width.
Similarly, in a downtrend,
there exists a line that functions effectively as aresistance line during retracements of a certain width.
In other words, if during an uptrend, price breaks below the support line, a decline begins, and
in a downtrend, if price breaks above the resistance line without being bounced, an uptrend begins.
In short,the support and resistance lines become turning lines.
This idea also applies to indicators.
In the Ten-Tym Chart (Reiwa edition), not only moving averagesbut also
the indicator’s curved bandsshow clearly lines that function as support and resistance = turning lines.
【Ten-Tym Chart (Reiwa version)】
【Even with just moving averages, this is amazing!!】