⚠️ Risk warning: CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly. Most retail accounts lose money. This content is education only, not investment advice or a recommendation.
Draw in TradingView
- Find the drawing toolbar. The drawing tools are in the toolbar on the left of the chart. Each group has a small arrow that opens more tools. Fibonacci tools are in the Gann and Fibonacci group, the third group.
- Draw a trend line. Choose Trend line, click a first swing low, then click a second swing low. To project it forward, turn on the extend option in the line’s settings.
- Draw a horizontal line. Choose Horizontal line and click once at the price you want to mark, such as a previous high.
- Draw a Fib retracement. Choose Fib retracement. In an up move, click the swing low first and then the swing high; in a down move, the high first and then the low.
- Edit, lock or delete. Click a drawing to select it. A small floating toolbar appears with colour, line style, settings, lock and delete. You can also press Delete to remove the selected drawing.
Draw in MT5
- Find the objects. Use the Insert menu (Objects → Lines, Channels, Fibonacci and more) or the Line Studies toolbar above the chart.
- Draw a trend line or horizontal line. Choose the tool, click on the first swing point and drag to the second. A horizontal line needs one click at the price.
- Draw a Fibonacci retracement. Choose Fibonacci Retracement and drag from the swing low to the swing high (high to low in a down move). Its levels can be changed in Properties.
- Move, edit or undo. Double-click an object to select it and drag its points to adjust it, or right-click it for Properties. Ctrl+Z undoes an accidental delete.
- Choose where it shows. On the Visualization tab of an object’s properties you choose the timeframes it appears on. If a line is missing on one timeframe, check this first.
Draw like an analyst
- Start from clear swing points. A rising trend line joins at least two clear swing lows; a falling one joins swing highs. A third touch that holds makes it more meaningful.
- Think in zones, not single prices. Price rarely turns at the exact same tick twice. Mark the area that covers the wicks and bodies of earlier turns.
- Draw the higher timeframe first. Mark the main levels on D1 or H4. They then appear on lower timeframes too, and lower-timeframe lines matter less.
- Keep it readable. Three or four well-placed drawings beat twenty. When the chart is covered in lines, every price is “near a level” and nothing stands out.
Common problems
- The line looks different on another timeframe
- It keeps the same prices and times, but candles become wider or narrower, so the angle looks different. In MT5, check the Visualization tab if it disappears completely.
- I cannot select or move a drawing
- In TradingView it may be locked or hidden. In MT5, double-click it, or open the object list from the right-click menu.
- The Fibonacci levels are upside down
- You drew it in the wrong direction. Draw from the start of the move to its end: low to high for an up move, high to low for a down move.
Frequently asked questions
Do Fibonacci levels really work?
They are widely watched, which is part of why price sometimes reacts near them, but they are not reliable on their own. Use them together with structure and support and resistance.
Should trend lines connect wicks or bodies?
Either can work; what matters is choosing one way and sticking to it. Many traders use wicks for the touches and accept small overshoots.
Can I draw on the Invvex charts?
Not at the moment. Use TradingView or your broker’s MT5 for drawings, and the Invvex pages for a quick check of price and levels.