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For installation of the Fibonacci channel on the diagram, you should select the "insertion" - "channels" menu item - "Fibonachi"

The Fibonacci channel is, probably, the most difficult element for creation on a graphic and ability to use it means high professionalism in the market Forex.

Advantage of this channel that it not only shows trend boundaries, but at the same time shows different nodal levels. As we can see, having set only two lines, we will receive 4 additional lines of support resistance which can be used for a prediction of movement of the price.

We know that at this moment the price can fall

We know that at this moment the price can grow

We know that if the price punches this corridor, it can receive additional pulse that we also can see in a real situation.

More details about different tools of a fibonacci look next steps.