No Nonsense Forex Trend Line Indicator - No Nonsense Forex Confirmation Indicator

How to Draw Trend Lines in MT4 Platform

The MetaTrader 4 forex platform provides forex trend line drawing tools for drawing the trend lines on MetaTrader 4 charts. To draw a forex trendline on a forex chart on MetaTrader 4 software, forex traders can use MT4 trendline drawing tool that is provided in MetaTrader 4 platform that is shown on the forex example below.

Best Trend Confirmation Indicator - No Nonsense Forex Confirmation Indicator

How to Draw Forex Trend Lines on MT4 - No Nonsense Forex Trend Line Indicator

To draw a forex trendline on a forex chart - just click the MT4 forex trendline drawing tool shown above on the MT4 software and select point A where you want to start plotting the trendline & then point B where you want the trend line to touch. You can also right click on a forex trend line and on the forex trend line properties option select the option to extend the ray by ticking the "ray check box", if you don't want to extend the trend-line, then uncheck this option in your MT4 platform - forex trend line properties. You can also adjust other forex trend line properties such as trend line color & trend line width on this forex trend line property popup window of the trend line properties. You can download MetaTrader 4 trading platform & learn how to draw a forex trend line.

Forex Trend Lines with Examples - No Nonsense Forex Trend Line Indicator

The two technical analysis forex strategies used to trade forex trend lines are:

1. Forex Trading Trend-line Break
2. Forex Trendline Bounce

Forex technical analysis of these two forex trend line strategies is described in the forex examples below:

Example 1: Technical Analysis Forex Trend Lines - Trend Confirmation Indicator

Forex trend line bounce - this is a forex trend continuation signal where the price bounces from the trend line & continues heading in the same direction as that of the forex trend.

Trend Line Bounce - Upwards Trend - No Nonsense Forex Trend Line Indicator

• In a forex upward trend the forex price will bounce & move upwards after hitting this upward trendline level which is the support level.

Forex Trading Upwards Trend - FX Trend Line Bounce - Forex Price Support Level Provided by the Upward Forex Trend Line

Forex Upwards Trend - Forex Trendline Bounce Technical Analysis - Trend Confirmation Indicator

Trend Line Bounce - Downwards Trend - No Nonsense Forex Trend Line Indicator

• In a forex downward trend the forex price will bounce and move downwards after touching this downwards trend-line which is the resistance area.

Forex Downwards Trend - Forex Trendline Bounce after Touching Resistance Level Provided by the Downward Forex Trend Line

Forex Downwards Trend - Forex Trendline Bounce Technical Analysis - Trend Confirmation Indicator

Example 2: Forex Trendline Break Technical Analysis Forex Trend Lines

Forex trend line break this is a forex trend reversal signal where the price goes through the trend line and begins to move in the opposite direction of the current trend.

Forex Upwards Trend - Analysis of Forex Trendline Break

When a forex upward trend line is broken then forex trend reverses and becomes bearish - starts moving downwards

Forex Upward Trendline Break - Forex Trend Confirmation Indicator

Forex Downwards Trend - Analysis of Forex Trendline Break

When a forex downward trend line is broken then forex trend reverses and becomes bullish - starts moving upwards

Forex Downward Trendline Break - Trend Confirmation Indicator - No Nonsense Forex Confirmation Indicator