Upward Silver Trendlines and Channels

An upwards silver trend line is drawn below the silver trend pattern by connecting at least 2 lows. This upward silver trend line will draw a line that show the general direction of the market.

The diagram below shows how xagusd trading price moves when it is moving in a bullish market. The xagusd price will move upward forming support regions.

Since the xagusd trading market moves in a zigzag manner silver traders normally draw a silver trend-line which shows the general upward direction of the market.

A silver trading up silver trend occurs when the fore xagusd price will continue to make consecutive higher highs and higher lows. Each price high is going to be higher than the previous high - higher high , and each low is higher than the previous low - higher low.

Silver Up silver trend-lines gain more validity each time xagusd trading price touches this upward silver trend line but does not penetrate it. A silver trading up silver trend remains in place until this series of higher highs and higher lows is broken.

A downside penetration of an upward silver trend-line is a technical sell silver trading signal, and usually the first indication that an upward silver trend may soon end.

Drawing an Upward XAGUSD Trendline

When the xagusd trading market moves up it forms higher highs & higher lows forming a bullish market movement - Upward Silver Trend. An upward silver trend line can then be drawn by connecting these higher lows.

To draw this upwards silver trend line setup we use supports. To draw the upward silver trend line correctly two support zones are needed. When xagusd trading price touches the upwards silver trend line we buy and place stop loss silver orders just a few pips below the upward silver trend line. The diagram below shows an example of an upward silver trend line.

The upwards silver trend line setup will show the general direction of the market as bullish therefore silver traders will only open buy long xagusd trades as long as xagusd trading price is within this upward silver trend bullish market setup and within the support levels. These support levels are the levels where if the xagusd trading market retraces then these points will provide strong supports for the xagusd trading price. This is why many silver buyers will wait until xagusd trading price retraces downward & hits these retracements levels market the upward silver trend line to open buy xagusd trades. Silver trades opened at this support levels have a high Risk to Reward Ratio with minimum draw down.

In the above upward silver trend line xagusd trading setup the trader would have opened buy/long xagusd trades from the signals generated at the support1, support2, support3 and these xagusd trades would have made a lot of trading profits with minimum amount of drawdown/retracement.

Upward Silver Channel

An upwards silver channel is plotted by drawing a line that's parallel to the upwards silver trend line & then adjusted to touch the tops boundary of the xagusd trading price movement. This then forms an upward silver channel and as long as the xagusd price stays between these two trading channels the bullish market movement will continue moving upwards.

Trading The XAGUSD Channel

This upwards silver channel is used by xagusd traders to show levels where it is best to take profits. Silver traders will take some profit once the xagusd trading price touches upper channel & wait for another retracement before opening a long buy xagusd trading again.

XAGUSD Trend Lines MT4 XAGUSD Trend Line Indicator

The XAGUSD MT4 Trend Line Indicator drawing tools to draw these silver trend lines & silver channels setups on the MT4 are located on the MT4 drawing tool bar within the MT4 xagusd trading platform, To get this MT4 tool bar if it is not activated on your silver trading software, Click in "View" Next to "File" on top-left corner of MetaTrader 4 xagusd software & click View, Then Click on Tool Bars, Then Check the "Lines Tool-bar" by clicking on it.

Below is screen-shot Image of the MT4 drawing toolbar. To draw a silver trend-line on a silver chart just click on this MT4 silver trend-line drawing tool and select the point where you want to draw the silver trend line.

This is one of the learn silver technical analysis lesson among the many learn silver trading tutorials on this website located on the side navigation menu, where you will learn how to draw silver trend lines & analyze these silver trend lines setups.