How Do I Create a Commodity Trading Trend Line?
To add a commodity trend line on the MT4 platform use charting tools for drawing the commodity trend-lines - MT4 Commodities Trend Lines Tools.
To create commodity trend lines on commodities charts on the MT4 platform, commodities traders can use the add commodity trend line tool provided on the MT4 software that is shown on the commodity examples illustrated & described below.
How to Add a Trend-line on MT4 Platform Described - Add Commodities Trend Line Tool in MetaTrader 4 Platform
How Do I Create a Commodity Trading Trend Line? - How Do I Create a Commodity Trend-line in MT4 Software?
To create a commodity trendlines on a commodity chart - just click the MT4 add commodity trend line drawing adding tool above on the MT4 software & select point A where you want to start adding the commodity trend line and then point B where you want the commodity trend line to touch. You can also right-click on commodity trend line and on the commodity trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the commodity trendline, then uncheck this option in your MT4 commodities platform - commodity trend line properties. You can also change other commodity trend line properties such as color and width on this commodity trend line property popup window of the commodity trend line properties. You can download MetaTrader 4 commodity and learn how to create and add commodity trend lines & learn commodity trend line with MT4 Commodities Trend Lines Tools.
Commodity Trading Strategy of Commodities Trend Lines with Examples
There are two technical analysis strategies used to trade the commodity trend lines:
- Commodities Trend Line Break
- Commodities Trend Line Bounce
Example 1: Commodity Trading Strategy of Commodities Trend Lines
The commodity trendline bounce is a continuation commodity signal where the commodities price bounces off the commodity trend line & continues in same direction as that of the commodities trend.
Commodities Trend Line Bounce Commodities Trading Strategy in Commodities Up Trend
- In an upward commodity trend, the commodities price will bounce upwards after hitting this commodity upward trendline level which is the support area.
Commodities Up Trend - Commodities Trendline Bounce after Touching The Support Levels Provided by the Upward Commodities Trend Line
Commodities Upward Commodities Trend - Commodities Trend Line Bounce Strategy
How to Create Commodities Trend-Lines & Strategy of Commodities Trend Lines in Commodity Trading
Commodities Trend Line Bounce Commodities Trading Strategy in Commodities Down Trend
- In a downwards commodity trend, the commodity market will bounce downwards after hitting this commodity trendline level which is the resistance area.
Commodity Down Trend - Commodities Trend-Line Bounce after Touching The Resistance Levels Provided by the Downwards Commodities Trend Line
Commodities Downward Commodities Trend - Commodity Trend Line Bounce Strategy
How to Create Commodities Trend-Lines & Strategy of Commodities Trend Lines in Commodity Trading
Example 2: Commodity Trading Strategy of Commodities Trend Lines
The commodity trendline break is a commodity reversal trading signal where the commodity market goes through the commodity trend line & starts moving in the opposite direction.
Commodities Up Trend
When a commodity up trend line is broken then sentiment of the commodities market reverses & becomes bearish
Commodities Upward Commodity Trendline Break
How to Add Commodities Trend-Lines & Strategy of Commodities Trend Lines in Commodity Trading
Commodity Down Trend
When a commodity down trendline is broken then sentiment of the commodities trading then reverses & becomes bullish
Commodities Downward Commodity Trendline Break
How to Add Commodities Trend-Lines & Strategy of Commodities Trend Lines in Commodity Trading
NB: For very strong commodity trends, after this commodity trendline break reversal commodity signal, the commodities price will consolidate for some time before moving in the opposite commodity trend direction. For short term commodity market trends then this commodity trendline break reversal commodity signal will mean commodities price may reverse immediately.