Dear All,
Hope y’all are having a great day trading the markets.
I was thinking about Market sentiment and utilising it in my trading. I have been trading for sometime now and I am comfortably profitable. I do my technical analysis before entering trades which include checking forex related news. but I have seen traders talk about market sentiment as part of their technical analysis, but i have not really paid attention to it. so can i ask this community if you guys look at market sentiment and how you use it for your advantage?
how useful it is? and does that contrarian view work mostly when people say you should go against the popular sentiment (if majority is long then you go short?)
looking forward to your thoughts on this,
Happy Trading!!