How Do I Use Fibonacci Retracement on MetaTrader 4?

Trading with Fibonacci Retracement Levels Bitcoin Indicator on MetaTrader 4

How to Use Fibonacci Retracement Areas on MetaTrader 4

The procedure for how to use Fibonacci Retracement Technical Indicator & how to add the Fibonacci Retracement Tool on the MT4 Platform is explained below:

Fibonacci Retracement Areas Technical Indicator tool on the MT4 platform will automatically draw the retracement levels on a cryptocurrency chart once it is placed on the bitcoin chart.

To add this Fibonacci Retracement Levels tool on the MT4 platform, you can use the following short cut method:

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

How Do You Use Fibonacci Retracement on MT4 Trading Crypto Software?

After adding this Fibonacci Retracement Levels tool on the MT4 platform this indicator can then be accessed from "MetaTrader 4 Line Studies Tool-Bar" as shown below.

Trading with Fibonacci Retracement Levels Crypto Indicator in MetaTrader 4

This Fibonacci Retracement tool is located on MT4 (Line Studies Toolbar), to go to this toolbar click "View" button key at 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 MT4 platform using a practice cryptocurrency trading account.