How to Analyze Trend Lines Technical Analysis
Read Trend Lines Technical Analysis
The MetaTrader 4 platform software provides charting tools for drawing the trend lines on MT4 charts. To draw trend-lines on a chart in MT4 platform, traders can use the trendline plotting tool provided on MT4 platform that is shown on the example illustrated below.
How Do You Draw Trend Lines & Analysis of Trend Lines in Gold
How Do You Draw Trend Lines on MT4 - How Do You Draw Trend Lines Technical Analysis
To draw trend-lines on a chart - just click the MT4 trend line plotting tool above on the MT4 analysis software and select point A where you want to begin drawing the trend-line & then point B where you want the trend-line to touch. You also can right click on trend line and on the trend line properties option select the option to extend its ray by ticking the "ray check box", if you don't want to extend the trend line, then untick this option in your MetaTrader 4 platform - trend line properties. You also can change other trend line properties such as colour & width on this trend line property pop up window of the trendline properties. You can download MT4 xauusd & learn how to draw trend lines and learn trend line technical analysis with it.
XAUUSD Analysis of Trend Lines with Examples
There are two analysis methods used to trade the trendlines:
- XAUUSD Trend-Line Break
- Trendline Bounce
How Do You Draw Gold Trend Lines & Analysis of Trend Lines in XAUUSD?
The trend line bounce is a continuation signal where the price bounces off the trend line & continues in same direction as that of the trend.
Gold Trend Line Bounce Technical Analysis in Upward Trend
- In an upwards trend, the price will bounce upward after hitting this upward trend-line level which is the support zone.
Upward Trend - Trend Line Bounce after Touching Support Levels Provided by the Upward Trend Line
Upwards Trend - Trendline Bounce Technical Analysis How Do You Draw Trend Lines & Analysis of Trend Lines in XAUUSD
Gold Trend Line Bounce Technical Analysis in Down Trend
- In a down-ward trend, the market will bounce down-ward after hitting this trend line level which is the resistance zone.
Down Trend - Trendline Bounce after Touching The Resistance Levels Provided by the Downwards Trend Line
Gold Downward Trend
How Do You Draw Trend Lines & Analysis of Trend Lines in XAUUSD?
The trend line break is a reversal signal where the market goes through the trend-line and starts moving in the opposite direction.
Gold Trendline Break Technical Analysis
When a up trend-line is broken then sentiment of the market reverses & becomes bearish
Upward Trend Line Break - How Do You Draw Trend Lines & Analysis of Trend Lines in XAUUSD
XAUUSD Trend-Line Break Technical Analysis
When a down trend-line is broken then sentiment of the reverses & becomes bullish
Downward Trend Line Break - How Do You Draw Trend Lines & Analysis of Trend Lines in XAUUSD
NB: for very strong trends, after this trend-line break reversal signal, price will consolidate for some time before going in the opposite trend direction. For short term trends then this trend-line break reversal signal will mean price may reverse immediately.
How Do I Analyze Trend Lines Technical Analysis
