Noted chart only has a few highly traded pairs and their either highly correlated negative or positive pairs on daily charts.
If you trade more then one pair at a time, you should know which pairs either mostly go same direction and or go opposite direction.
You might not want to do two trades that have a positive correlation or negative correlation for diversity and so you do not lose two trades at same time.
There are websites which have further information on Forex correlation- you should check out.
If you trade more then one pair at a time, you should know which pairs either mostly go same direction and or go opposite direction.
You might not want to do two trades that have a positive correlation or negative correlation for diversity and so you do not lose two trades at same time.
There are websites which have further information on Forex correlation- you should check out.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.