Don’t miss the ultimate entry point for USDJPY! (5/18)
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(USDJPY)
★Sure entries at breakout/upward and breakout/downward reversal lines (click image to enlarge)
In an uptrend, a moving average of a certain width effectively serves as a support line during pullbacks (support line).
Similarly, in a downtrend, a moving average of a certain width effectively serves as a resistance line during retracements (resistance line).
In short, in an uptrend, a break below the support line initiates a decline, and in a downtrend, a break above the resistance line initiates an rise.
In other words,Support and resistance lines = turning lines, playing a key role.
This concept also applies to indicators.
In the Tenka Chart (Reiwa Version), not only moving averages but also the indicator’s curved bands clearly display lines that function as support lines, resistance lines, and turning lines.
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