Don't miss the sure-win entry point for USDJPY! (5/16)
FX, Binary Options, and Nikkei 225 Compatible!
Excellent indicator for MetaTrader (MT4) is here!
Today (5/16) don’t miss the sure-entry point!
(USDJPY)
★A sure entry at breakout and breakdown turning lines! (Click image to enlarge)
In an uptrend, moving averages of a fixed width act effectively as support lines.
Similarly, in a downtrend, moving averages of a fixed width act effectively as resistance lines.
In short, in an uptrend, a breakthrough of the support line initiates a decline, and in a downtrend, breaking above the resistance line initiates an ascending move.
In other words, support and resistance lines = turning lines play a pivotal role.
This concept also applies to indicators.
In the Tenka Chart (Reiwa edition), not only moving averages but also the indicator's curve bands clearly display lines that function as support/resistance = turning lines.
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