|Welcome to currency trading with ProfiForex!
|Then, place it on the chart, specifying two points. A line will be drawn from the first point to the second one and will continue to infinity.|
|Once you've placed the line, double-click to select it. Then, you'll be able to drag it to another location or change the angle.|
|To access the Properties window, right-click on the trendline and then choose "Trendline properties."|
|As you can see in the "Parameters" tab, you can set two points through which the trendline should pass.|
|As with any other horizontal line, the trendline can represent either a support level or a resistance level.|
|The most important characteristic of the trendline is the angle of inclination. Sometimes, you'll need to know it exactly.
|As the line is placed, you can see its angle of inclination. This is helpful when you need to set the line at a precise angle.|
|If we set two trendlines together, they will imply a channel. Sometimes, though, it's more convenient to set the channel instead.|
This will be discussed in one of the next videos.