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)

The most important Fibonacci levels in forex trading you have to know

29 Jan 2025 · 1 min

Watch on YouTube

0:45

In this instructional segment, Vladimir Ribakov demonstrates how to recognize a bullish wave pattern on a price chart by observing a series of higher highs and higher lows interspersed with pull‑backs of lower highs and lower lows. Once such a bullish sequence is confirmed, he explains the practical steps to plot a Fibonacci retracement: draw the Fibonacci from the low (the start of the move) to the high (the end of the move). He emphasizes that, for forex traders, the most actionable retracement zones lie between the 38.2% and 61.8% levels, which he highlights as the key zones to watch for potential price reactions.

Chapters

Look at the candles: high, high, high, high, high, low, higher highs, higher lows. Then a retrace of lower highs, lower lows. Another rally of higher highs, higher lows. Pullback of lower highs, lower lows. And another rally of higher highs, higher lows. That creates a sequence, a bullish sequence of higher highs, higher lows in terms of waves. That means that on top of that. Move, I can plot Fibonacci. So what I do is I plot Fibonacci from the bottom, the beginning of the move, until the end of the move. The most useful Fibonacci levels is the 38.2 down to 61.8.