Charting masterclass: why Fibonacci retracements work better as zones than single lines

Most traders draw a line. The market trades an area. That gap is where positions go wrong. In this Charting Masterclass, Axel Rudolph, Chief Technical Analyst at IG uses the EUR/GBP weekly chart from 2024 to 2026 to show exactly why the 38.2% Fibonacci retracement works as an area rather than a line. The July and August 2025 lows, and the February through May 2026 lows, all formed around the same Fibonacci zone, not on the exact level but in the area around it. 📈 Catch more market commentary and insights on our channel. Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://upl.inc/k4gg8x Your capital is at risk. 68% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. #Fibonacci #FibonacciRetracement #EURGBP #ForexTrading #TechnicalAnalysis #ChartingMasterclass #IGMarkets #TradingEducation #SupportAndResistance #Forex #CurrencyTrading #ChartsExplained #TradingTips #WeeklyChart