How to Draw Channels Trade on MetaTrader 4 Software
To draw Channels on MT4 use MT4 Drawing Tools for Drawing Channels on MetaTrader 4 Charts
The MT4 gold Channels drawing tools which are used to draw these Channels setups on the MetaTrader 4 are located on the MT4 drawing charts toolbar within MetaTrader 4 Platform, To access this MT4 charts tool-bar if it's not activated on your platform, Press in 'View' Next to the 'File' menu at left top corner of MT4 platform software and click 'View', Then Press on 'Tool Bars' button, Then Tick 'Lines Tool-bar' by clicking on it.
Shown Below is illustrations of MT4 Channels drawing charts tool-bar. To draw Channels on charts just click on this Channels drawing tool & choose the point where you as a trader want to draw the upward Channels or down-ward gold Channels.
How Do I Draw Channels on MT4 on MetaTrader 4 Charts
How Do I Draw Channels XAUUSD Gold Chart on MT4 Software
An upward channel is drawn by drawing a line that's parallel to the upward trendline and then adjusted to touch the tops boundary of the price movement. This then forms a channel and as long as the stays and remains between these two trend channels the bullish upward market movement will continue moving upward.
How Do I Draw Channels Trading in MT4 Platform Software - How to Draw Up Ward Channels in the MT4
How to Draw Channels on XAUUSD Gold Charts MT4 Software
A downwards channel is drawn by drawing a line that's parallel to the downward trend-line and then adjusting it to touch the bottom boundary of the price movement. This then forms a downward xauusd channel & as long as stays and remains between these two channels the general price trend direction is intact the price trend direction will continue being bearish.
How Do I Draw Channels in MT4 Platform Software - How to Draw Down Ward Channels on MetaTrader 4 Software
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