Disliked{quote} Respez, which broker do you use? bcz mine and yours chart are telling a different story. Also, from what I have seen from your chart, the last few candles are definitely showing signs of weakness. 1) The bullish green candle which finishes halfway in a decent volume is the first sign. 2) Next candle with high volume plus a bear candle which finishes below the last candle indicates a strong bear sentiment. If anything there is a wick which can be a concern and may lead to retest of market. 3) But since next candle was also bearish, it confirms...Ignored
Who is Respez? I guess I am .
I do not see your chart.
What is bcz? (Broker?)
Otherwise we are, you and I totally agree. So I think there will be a significant retracement, as the main option, but do not rule out other options. That tells me the H4 chart.
My bullish sentiment is at TF daily, long term. My immediate feeling would be bearish, just like you.
Hope is better understood as well. You and I think alike; that the price will go down, without ruling out other possibilities illustrated in the previous post.
In my thinking, MMs can only affect prices in the short term (looking for liquidity and creating traps). But the long term the market has its own channel. So yes, MMs are bears right now, but GBPJPY is bullish. I do not know if I explain well. Is my personal opinion.
I apologize to the thread if I did not explain well.
Check your emotions. How are you?