Do not miss the guaranteed entry point for EURUSD! (5/15)
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A high-quality indicator for MetaTrader (MT4) is now available!
Don't miss today’s sure-entry point (5/15)!
(EURUSD)
★Certain entry at breakout and breakdown turning lines! (Click image to enlarge)
In an uptrend, a fixed-width moving average line effectively acts as a support line at pullbacks. It likewise acts as a resistance line in a downtrend at retracements.
In short, in an uptrend, breaking the support line begins a decline, and in a downtrend, rising beyond the resistance line begins an uptrend.
In other words,
Support lines and resistance lines = turning linesPlay a critical role as turning lines.
This concept also applies to indicators.
In the Tenka Shou Chart (Reiwa version), not only moving averages but also the indicator’s curved bands clearly display lines that serve as support/resistance lines = turning lines.
【Tenka Shou Chart (Reiwa Version)】
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【Even just moving average lines are this amazing!!】