How Do I Use Gold Fibonacci Retracement Areas on MT5 Platform?

How Do I Use Fibonacci Retracement Areas on MT5?

Procedure on how to use Fibonacci Retracement Areas Indicator in MT5 is explained below:

Fibonacci Retracement Areas Technical Indicator on the MT5 platform will automatically draw the xauusd price retracement zones on a gold chart once this Fib retracement levels indicator is placed on the xauusd chart.

To add this Fibonacci Retracement Levels indicator on the MT5 platform, you can use the following MT5 platform short cut method:

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

How Do You Use Fibonacci Retracement Levels in MT5 - How to Use Fibonacci Retracement Areas on MetaTrader 5

After adding Fibonacci Retracement Areas Technical Indicator on the MT5 platform this gold technical indicator can then be accessed from "MT5 Line Studies Tool Bar" as shown on the xauusd example illustrated & explained below.

How Do You Use Fibonacci Retracement Levels in MT5 Gold Trading?

This Fibonacci Retracement levels gold trading tool is located on MT5 platform (Line Studies Tool Bar) - to go to this MT5 line studies tool bar click "View" button at tops left corner of MT5 platform next to file, then click "Toolbars" - Then Check "Line Studies".

Interpret & Use Fibonacci Retracement Areas on MT5?