Introducing the ultimate winning entry point for USDJPY! (5/9)
FX, binary options, and Nikkei 225 supported!
A superb indicator for MetaTrader (MT4) has arrived!
Don't miss today’s (5/9) sure-win entry point!
(USDJPY)
★Sure-entry at breakout above/below lines that indicate trend change (click image to enlarge)
In an uptrend, a moving average of a fixed width serves effectively as a support line. It acts as a support line in an uptrend.
Similarly, in a downtrend, a moving average of fixed width serves as a resistance line.
In short, in an uptrend price breaks the support line and begins to fall, while in a downtrend it breaks above the resistance line and starts to rise.
In other words, support line and resistance line = turning line play an important role.
This concept also applies to indicators.
In the Tenji Chart (Reiwa edition), not only moving averages but also the curves of indicators clearly display lines that function as support lines, resistance lines, and turning lines.
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【Even just moving averages are this powerful!!】