Strategy Do market makers still use Fibonacci Retracements when moving the markets

[PMShabalala]

I realised that Markets just shoot straight without retracing, what's the cause to that

 

[aguspc1]

don't know exactly, bro.
But perhaps some of the big traders, take profit, and reentry at the retrace price.

 

[ForexGeek007]

What i think they use, is the info they get from the forex server rooms, orders TPs and SLs eveything else is just mind games adjusted to the situation

 

[richiebjm]

The fundamentals of the market are still the same so i think they would still hold. Of course, nothing is 100% so it cannot be relied upon solely as a trading methodology.

 

[docimran]

Its fundamental who brings volatility in the market but on technical can gage it, so not only fibbo rather any single line can guide you data read on the chart.

 

[Fin_Trader]

I realised that Markets just shoot straight without retracing, what's the cause to that

In order to move up, the market always needs to pull back to capture liquidity. So there will always be pullbacks before such sharp moves.

 

[Fxzombie]

Massive purchases of a currency can cause prices to move rapidly, such as when a central bank intervenes in a currency to control the value of a currency for economic stability. as was done by the Japanese central bank and SnB which caused the JPY and CHF currencies to move drastically by more than thousands of pips.