Have you ever been so convinced that a market was about to breakout to a new high or low that you truly felt like it was a ‘sure bet’, only to then see price briefly breakout and then rocket back in the opposite direction? Whilst you cannot predict the market’s behavior with 100% accuracy, you can change the way you think about it and learn to interpret it better, so that you begin to trade less like the ‘herd’ and more like a contrarian.
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Original source: https://www.learntotradethemarket.com/forex-trading-strategies/trade-like-contrarian-opposite