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TRADE THEM NOW- EURO CAD & CAD CHF

DaddyPapi Posted 19 Feb.  in #Trader's blog #Breakout #Consolidation #Correlation #200 Pips #4H Stop Loss
Once again, we have an opportunity to trade two currency pairs simultaneously to take advantage of the strong correlation that exists between them. In this case, the CAD CHF and the EURO CAD could be given us strong signals on the Daily Chart that point to gains of several hundred pips by next week.
The correlation between them was shown in one of my previous posts and this current setup today will be another one to provide pips trading them together. Both formed Consolidations on their respecti…
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TWO TRADES, TWICE THE FUN

DaddyPapi Posted 11 Feb.  in #Correlation #Counter Trend Line #Daily Chart #200 Pips
Simultaneous trading opportunities can arise when we have two or more pairs that are strongly correlated with each other. The EURO CAD and the CAD CHF are two such pairs that are inversely correlated with each other, with similar patterns that allow you to benefit from signals and major movements in each. The Weekly Charts for both below illustrate this close co-movement as well as a recent 200-pip move for each that occurred when both broke their respective Counter Trend Lines on January 22,…
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