Trading XAUUSD Set Up Fibonacci Retracement Levels on MT4

XAUUSD How to Setup Fibonacci Retracement Technical Indicator on MT4

To setup Fibonacci Retracement Levels tool on the MetaTrader 4 platform, you can use the following xauusd step by step lesson:

1. Click Insert 2. Click Fib 3. Click Retracement

Set Up Fibonacci Retracement Levels on MT4?

After adding this Fibonacci Retracement Technical Indicator tool on the MetaTrader 4 platform this technical indicator can then be accessed from 'MetaTrader 4 Line Studies Tool Bar' as shown on the gold trading example displayed & illustrated & shown below.

How to Set Up Fibonacci Retracement Levels on MetaTrader 4

This Fib Retracement indicator is located on MetaTrader 4 (Line Studies Tool-bar), to navigate to this line studies tool-bar click 'View' button at the tops 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 MT4 platform using a demo xauusd practice trading account.