Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

How to use Fibonacci levels to set take profits #fibonacci #trading #forex #fyp

30 Jan 2025 · 1 min

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0:36

Vladimir Ribakov shows how to use Fibonacci retracement on downtrends to find take-profit levels. Plot the tool between a swing high and low, then watch the 23.6%, 38.2%, and 50% zones as targets to exit trades.

Chapters

that condition. The 3rd step is how do we determine targets. So let's go back to the chart, and what we can do here now is go back to the daily chart because this is our main cycle here. Plot Fibonacci retracement on the whole trend. And remember, don't forget, the trend must have the sequence of lower highs, lower lows. We got the 23.6, which is a first zone, 38.2 next zone, and then potentially 50%. What I do