The line graph is EUR/USD & Candles USD/CHF This is a common pair that traders say is inversely correlated... Is there correlation between economies? Is it because of USD's part? Will correlation make you the good R/R trades or structure? Is there a way to trade the correlation (if any) effectively?
My moving averages patterns on both these pairs also pointed out the correlation.
In my opinion one of them will give a signal or pattern earlier.. Thanks for sharing because my mentor doesn't believe in correlation .LOL
adambiers
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@mzshaik, Personally, I don't believe in it too much either. I believe in wave structure :)
In my opinion one of them will give a signal or pattern earlier.. Thanks for sharing because my mentor doesn't believe in correlation .LOL