Fibonacci Retracement in Forex

Key retracement levels: 23.6%, 38.2%, 50%, 61.8% (golden ratio), 78.6%. After a significant move, these levels indicate where pullbacks often end before the trend resumes. The 61.8% level is the strongest.

Insert → Objects → Fibonacci Retracement. For uptrend: draw from swing low to swing high. For downtrend: swing high to swing low. MT5 automatically plots all key levels. Use daily/4H charts for most reliable signals.

In a gold uptrend, the 38.2%–61.8% zone is where pullbacks often end. Entry trigger: price touches Fibonacci level + RSI below 40 + hammer/bullish engulfing = high-probability long.