Today's (4/6) ironclad entry point! (USDJPY)
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Indicators for MetaTrader (MT4)
Today's (4/6) Strong Entry Point!
(USDJPY)
★Break through the conversion line for entry (click image to enlarge)
Among many moving averages, in an uptrend,
there exists a line thatacts effectively as a pullback support line for a certain widthduring a rally.A line with a fixed widthexists.
Also, in a downtrend,
there exists a line thatfunctions effectively as a resistance linewith a certain width.
In other words, if in an uptrend the price breaks below the support line, a downtrend begins,
and if in a downtrend it breaks above the resistance line without bouncing, an uptrend begins.
So,the support and resistance lines become the turning lines.
This concept also applies to indicators.
In the Tenka Chart (Reiwa version), not only moving averages
【Even with just moving averages, this is amazing!!】