Today (3/23) the ironclad entry point! (USDJPY)
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Today's ironclad entry point! (3/23)
(USDJPY)
★Crossing the turning lineto enter (click image to enlarge)
Among many moving averages, in an uptrend,
there exists a line of a certain width that serves effectively assupport lineduring pullbacks.A certain width lineexists that functions as such.
Also, in a downtrend,
a line of a certain width that acts as aresistance lineduring retracementsfunctions effectivelyas a line of a certain width.
In other words, if the price breaks below the support line in an uptrend, a downtrend begins, and
if the price breaks above the resistance line in a downtrend, an uptrend begins.
Therefore,the support and resistance lines become turning linesin effect.
This concept also applies to indicators.
In the Zenith Chart (Reiwa version),not only moving averages but also
Indicator curves are clearly displayed assupport lines and resistance lines turning into turning lines.
【Zenith Chart (Reiwa Version)】
【Even just moving averages, this is amazing!!】