To apply Fibonacci retracements in Forex trading, first identify the high and low points of the price trend. Next, use the Fibonacci retracement tool to draw retracement levels at key support and resistance levels. The most commonly used levels are 38.2%, 50%, and 61.8%. These levels can be used to identify potential entry and exit points for trades, as well as stop-loss and take-profit levels. However, it's important to use Fibonacci retracements in conjunction with other technical analysis tools and to always manage risk approp
