How Do I Draw Downwards XAUUSD Trend Line on MT4?

How to Draw Downwards XAUUSD Trend Lines on MetaTrader 4

MetaTrader 4 Platform XAUUSD Trend-Line Drawing Tools for Drawing XAUUSD Trend Lines on MT4 Charts

The MT4 trend-line drawing tools used to draw trend lines in the MT4 are located on the MT4 charts toolbar within MT4 platform, To get this MetaTrader 4 charts tool bar if it isn't activated on your MT4 software, Click in 'View' Next to the 'File' menu at top left corner of MT4 software and click 'View', Then Press on 'ToolBars' button, Then Check on the 'Lines Tool-Bar' by clicking on it.

Below is example of xauusd MetaTrader 4 trend-line drawing charts toolbar. To draw a xauusd downwards trend-line on a xauusd chart click this xauusd trend line drawing tool & choose the point where you want to draw the downward xauusd trend line.

How Do I Draw Downwards XAUUSD Trend Lines in MetaTrader 4

Drawing a Downwards Trend-Line on MetaTrader 4 Platform Software

In learning how to draw the down ward xauusd trend lines on charts, you need to know that when the xauusd market is bearish it forms lower lows and lower highs forming a down ward general xauusd trend direction. These are the points that are used to draw the downward xauusd trend line on the MetaTrader 4 gold charts.

To draw down ward xauusd trends we use resistance levels and to do it correctly two resistances are needed as depicted and shown on the example displayed & illustrated & shown below.

Drawing Downward Trend Line on MetaTrader 4 Platform

How to Draw a Down-wards Channel in MT4

A downwards xauusd channel is plotted by drawing a line that's parallel to the downward xauusd trendline & then adjusting it to touch the bottom boundary of the price movement. This then forms a downward channel & as long as the price stays between these two channels the general market xauusd trend direction is intact the xauusd market xauusd trend direction will continue being bearish.

Drawing Downward XAUUSD Channel in MT4

MT4 Platform Trend Line Plotting Tools for Drawing Trend Lines in MT4 Gold Charts