How Do You Use Fibo Retracement Levels on MT4?

How to Use Fibo Retracement Levels on MT4

The procedure on how to use Fibo Retracement Levels Indicator on MT4 is explained below:

Fib Retracement Levels Indicator on the MT4 platform will automatically draw the price retracement zones on a chart once this Fib retracement levels indicator is placed on the chart.

To add this Fibo Retracement Levels indicator in the MT4 platform, you can use the following MetaTrader 4 platform short cut method:

1. Click Insert 2. Click Fibonacci 3. Click Retracement

How Do You Use Fibo Retracement Levels on MT4?

After adding Fibo Retracement Levels Indicator on the MT4 platform this technical indicator can then be accessed from 'MT4 Line Studies Tool Bar' as shown on the trading example shown below.

Analyze & Use Fibo Retracement Levels on MT4?

This Fib Retracement areas xauusd tool is located on MT4 platform (Line Studies Tool-Bar) - to go to this MT4 line studies tool-bar click 'View' button at the tops left corner of MT4 software software adjacent to file menu, then click 'Tool-Bars' - Then Check 'Line Studies'.

How Do You Use Fibo Retracement Levels in MetaTrader 4