Leading USD/JPY Sure-Wire Entry Points (May 11)
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★Sure-entry on breakouts at the breakout/upward and downward turning lines! (Click image to enlarge)
In an uptrend, a fixed-width moving average line effectively serves as a support line (support line).
Similarly, in a downtrend, a fixed-width moving average line serves as a resistance line (resistance line).
In short, in an uptrend, a breakdown of the support line marks the start of a decline, and in a downtrend, breaking above the resistance line marks the start of a rise.
In other words,The support and resistance lines = turning linesplay an important role.
This concept also applies to indicators.
In the Ten-Ten Chart (Reiwa edition), not only moving averages but also indicator curve bands clearly display lines that function as support/resistance = turning lines.
【Ten-Ten Chart (Reiwa Edition)】
Product details can be checked here.
【Even with moving averages alone, this amazing!!】