How Do I Set Up Fibonacci Retracement Levels on MetaTrader 4?

XAUUSD Trading Step by Step Guide on How to Setup Fibonacci Retracement Indicator on MetaTrader 4

To setup Fibonacci Retracement Levels tool on the MT4 platform, you can use the following xauusd trading step by step guide:

1. Click Insert2. Click Fibonacci3. Click Retracement

How Do I Set Up Fibonacci Retracement Levels on MetaTrader 4?

After adding this Fibonacci Retracement Indicator tool on the MT4 platform this indicator can then be accessed from "MT4 Line Studies Tool Bar" as shown on the xauusd trading example illustrated and explained below.

How to Set Up Fibonacci Retracement Levels on MT4

This Fibonacci Retracement indicator is located on MT4 (Line Studies Toolbar), to go to this line studies toolbar click "View" at the top left corner of MT4 platform next to file, then click "Toolbars", Then Check "Line Studies". You can learn how to use Fibonacci Retracement Levels tool on the MetaTrader 4 platform using a demo gold trading practice account.