Trend Lines Breakout Indicator MT4

Gold Trend Breakout Indicator

After the price has headed in one specific direction for a period of time within a trend it then reaches a point where the price stops moving within the trend direction. When this happens - traders will interpret this as a signal that the trendline has been broken and this is interpreted as a trend reversal signal - Trend Lines Break Out Strategies - Trend Lines Breakout Confirmation.

Because the trendline is the point of support & resistance & these levels of support & resistance have been broken after a trend line break - we then expect the price to start moving towards the opposite direction and this is interpreted by traders as a trend reversal signal - Trend Lines Support & Resistance Levels.

When Trend Lines Support & Resistance Levels are broken by gold price - traders will close the open trade orders that they had opened. This is called profit taking.

Upward Trend Reversal

When price breaks out below the upward trend line (support level) the price will then move down-wards

Upward Trend Lines Breakout Confirmation - Trend Lines Breakout Indicator MT4

This Trend Lines Break Out Strategies - trend reversal signal is considered to be confirmed when the price closes below an upward trend line or when price closes higher than a downwards trend line. This Trend Lines Breakout Strategies also provides a xauusd opportunity to open a sell trade once there's a Trend Lines Breakout Confirmation - Trend Reversal Signals.

Trendlines Breakout Strategies

When price breaks-out above the down-ward trend line (resistance area) the price will then move up-wards

Downward Trend Lines Breakout Confirmation - Trend Lines Breakout Indicator MT4

This Trend Lines Break Out Strategies - trend reversal signal is considered to be complete when price forms a higher low. This Trend Lines Break Out Strategies - reversal also provides a trade opportunity to open buy trade once there's a Trend Lines Breakout Confirmation - Trend Reversal Signals.

Trend Lines Breakout Strategies Confirmation

When trading this Trend Lines Break Out Strategies - xauusd reversal signal it's best to wait til the price break out has been confirmed by gold price closing above or below the trend line, depending on the direction of the market trend.

• Upward Trend Reversal - this reversal signal is confirmed once the price closes below this upward trend-line, this should be best time to open sell trade - in order to avoid a Whip-saw Trend Lines Breakout Retest.

• Downward Trend Reversal - this reversal signal is confirmed once the price closes above the down-wards trend line, this should be best time to open buy trade - in order to avoid a Whip-saw Trend Lines Breakout Retest.

Trend Lines Break Out Strategies - Trend Lines Breakout Indicator MT4 - Trend Lines Breakout Confirmation - Trend Breakout Indicator - Trendlines Support & Resistance Levels - Whipsaw Trendlines Break Out Retest