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Upward Stock Trading Trend Lines and Channels - MetaTrader 4 Tools for Drawing Stock Trading Trend Lines and Stock Channels

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

 

The diagram below shows how stock trading price moves when it is moving in a bullish market. The stock trading price will move upwards forming support levels.

 

Since the stock trading market moves in a zigzag manner stock traders normally draw a stock trading trend line which shows the general upwards direction of the stock trading market.

Upward Stock Trend - Upward Stock Trend Line MetaTrader 4 Stock Trend Line Indicator

 

 

A stock trading upstock trading trend occurs when the fore stock price makes consecutive higher highs and higher lows. Each high is higher than the previous high - higher high , and each low is higher than the previous low - higher low.

 

Stock Upstock trading trend lines gain more validity each time stock price touches this upward stock trading trend line but does not penetrate it. A stock trading upstock trading trend remains in place until this series of higher highs and higher lows is broken.

 

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

 

 

Drawing an Upward Stock Trend Line - Upward Stock Trend Line MetaTrader 4 Stock Trend Line Indicator

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

 

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

drawing an Upward Stock Trend Using Line Support Levels - Upward Stock Trend Line MetaTrader 4 Stock Trading Trend Lines Indicator

 

 

 

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

 

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

 

 

Upward Stock Channel - Upward Stock Channel MetaTrader 4 Channel Indicator

An upward stock trading channel is drawn by drawing a line that is parallel to the upward stock trading trend line and then adjusted to touch the top boundary of the stock trading price movement. This then forms an upward stock trading channel and as long as the stock trading price stays between these two channels the bullish market movement will continue moving up.

Upward Stock Channel - Upward Stock Channel MetaTrader 4 Channel Indicator

 

 

Trading The Stock Channel - How to Trade Upward Stock Channel

This upward stock trading channel is used by stock traders to show levels where it is best to take profits. Stock traders will take some profit once the stock price touches the upper channel and wait for another retracement before opening a long buy stock trade again.

 

 

MetaTrader 4 Tools For Drawing Stock Trading Trend Lines and Channels - Stock Trading Trend Lines MetaTrader 4 Stock Trend Line Indicator

The Stock MetaTrader 4 Stock Trend Line Indicator drawing tools to draw these stock trading trend lines and stock trading channels setups on the MT4 are located on the MetaTrader 4 drawing tool bar within the MetaTrader 4 stock trading platform, To access this MT4 tool bar if it is not activated on your stock trading platform, Click in "View" Next to "File" at the top left corner of the MT4 stock trading platform and click View, Then Click on Tool bars, Then Check the "Lines Toolbar" by clicking on it.

 

Below is the screenshot Image of the MT4 drawing tool bar. To draw a stock trading trend line on a stock trading chart just click on this MT4 stock trading trend line drawing tool and select the point where you want to draw the stock trading trend line.

MetaTrader 4 Tools For Drawing Stock Trendlines and Stock Channels

 

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

 

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