Today (4/17)’s ironclad entry point! (USDJPY)
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Today's (4/17) ironclad entry point!
(USDJPY)
★Enter on a breakout of the up or down through the turning line! (Click the image to enlarge)
Among the many moving averages, in an uptrend,
there are certain lines that effectively serve assupport lines during pullbacks, acting aslines with a fixed width.
Similarly, in a downtrend,
there are lines that effectively function asresistance lines during retracementswith a fixed width.
In other words, if price breaks below support in an uptrend, a decline begins, and
if price rises above resistance in a downtrend, an uptrend begins.
Thus,the support/resistance lines become turning lines.
This concept also applies to indicators.
In the Tenchi Chart (Reiwa edition), not only moving averagesbut also
【Tenchi Chart (Reiwa edition)】
【Even with just moving averages, this is amazing!!】