For sure if the majority of retail traders are short the market will go up, but I don’t think it’s a market manipulation at this level. Spreads, quotes and bad brokers yes, but change the market like that no…
I think this is the dollar falling following the major indexes and,more importantly, the market expecting 2 or 3 rate cuts from the FED this year. Check the dollar index, we were almost at 100!
Now AUD and NZD and indexes taught a valuable lesson. In times of crisis like that, open a trade a let it open, don’t take profits no matter how many digits they are!!! Instead of a 3 digits, you may wake up one day and don’t belieave your eyes when seing a 4 digits blue number on MT4.
It can always get worse and you never know where the bottom is.