DislikedGBPUSD bulls now at 70%. This bullish move can't last long...Ignored
Now, if we go 100 pips higher for example, longs will drop to 50% maybe as many people will reverse their trades into shorts. Then another 100 pips up and 60% might be short, so the majority...so by your own logic, you will start longing 200 or more pips higher? Do you see how that makes no sense?
If anything, trading against the herd could be applied when 90+% of the traders are long/short on myfxbook, not FF, that is meaningless, because the amount of lots displayed on FF are a joke compared to myfxbook. Last time EU dropped, 94% people were long on myfxbook.
Buy when people gave up on buying, sell when they gave up on selling.