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.
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