Do not miss the sure entry point for GBPJPY! (6/1)
FX, Binary Options, and Nikkei 225 compatible!
A superb indicator for MetaTrader (MT4) is now available!
Don’t miss today’s (6/1) sure-entry point!
(GBPJPY)
★A sure entry at the breakout/breakdown reversal line! (Click the image to enlarge)
In an uptrend, a moving average of a fixed width serves effectively as a support line (support line).
Similarly, in a downtrend, a moving average of a fixed width serves effectively as a resistance line (resistance line).
In short, in an uptrend, a break of the support line starts the decline, and in a downtrend, exceeding the resistance line starts the rise.
In other words, support and resistance lines = reversal lines play a crucial role.
This concept also applies to indicators.
In the Tenth-Charts (Reiwa version), not only moving averages but also the indicator’s curved bands clearly display lines that function as support lines and resistance lines = reversal lines.
【Tenchi Chart (Reiwa Version)】
Please check the product details from here.