<p>Trendlines are essential tools in technical analysis, used to identify the direction of price movement in financial markets. They are drawn along peaks and troughs of price action, helping traders determine the current trend and make informed trading decisions.</p>

<h2>How It Works</h2>
<p>To draw a trendline:</p>
<ol>
  <li>Identify at least two peaks or troughs in the price chart.</li>
  <li>Draw a straight line connecting these two points.</li>
  <li>Ensure the line has a clear slope, either upward (bullish trendline) or downward (bearish trendline).</li>
  <li>Confirm the trendline by touching or nearly touching subsequent peaks or troughs.</li>
</ol>
<p>MetaTrader 5 platform offers a built-in tool to draw trendlines easily.</p>

<h2>Why It Matters for Traders</h2>
<p>Trendlines serve several purposes:</p>
<ul>
  <li><strong>Identifying the trend</strong>: They help traders determine whether the market is in an uptrend, downtrend, or range-bound.</li>
  <li><strong>Support and resistance</strong>: In an established trend, trendlines act as dynamic support or resistance levels.</li>
  <li><strong>Entry and exit points</strong>: Trendlines can signal potential entry points when the price breaks out of a range or reverses trend, and exit points when the trendline is broken.</li>
</ul>

<h2>Example</h2>
<p>Consider the EUR/USD pair on the daily chart:</p>
<figure>
  <img src="https://example.com/eurusd_trendline_example.png" alt="EUR/USD trendline example">
  <figcaption>EUR/USD daily chart with a bullish trendline</figcaption>
</figure>
<p>In this example, a bullish trendline is drawn from the low in March 2020, touching or near the lows in April and May. This trendline helps identify the uptrend and serves as dynamic support.</p>

<h2>Key Takeaways</h2>
<ul>
  <li>Trendlines help identify the current price trend.</li>
  <li>They act as dynamic support or resistance levels.</li>
  <li>Trendlines can signal potential entry and exit points.</li>
  <li>MetaTrader 5 platform simplifies drawing and using trendlines.</li>
</ul>