Today (3/25)’s ironclad entry point! (BTCUSD)
FX, Binary Options, and Nikkei 225 All-in-One!
Indicator for MetaTrader (MT4)
Today's rock-solid entry point! (3/25)
(BTCUSD)
★Enter on breakout above/below the trend line (Click image to enlarge)
Among the many moving averages, in an uptrend,
there exists a line thatacts effectively as a pullback support line in the form of a certain width line.There is such a line.
Also, in a downtrend,
there exists a line thatfunctions as a pullback resistance line of a certain width..
In other words, if the price breaks below the support line in an uptrend, a decline starts, and
if it breaks above the resistance line in a downtrend without bouncing, a rise begins.
Therefore,the support and resistance lines become turning lines.
This concept also applies to indicators.
In the Tenka-Chart (Reiwa edition),not only moving averages,
the indicator’s curve bandsalso function as support/resistance lines = turning lines and are displayed clearly.
【Even with just moving averages, this is amazing!!】