Hi people,
After lurking behind the scene for some time, I decided to sign up an account to join in on the learning session here. Just started only 2 months ago and came across this interesting yet potent strategy.
My question for now is that I was examining the USDCHF and notice a really beautiful RT in the making and looking to short this in about 30mins time. However what is holding me back is the fact that i heard USDCHF is highly correlated with EURUSD. Currently EURUSD looks highly dangeorus to be longing and by shorting USDCHF I feel like i am going against what i understand about this correlation.
can any kind soul give me some advice about this view? i am highly interested to take in any advice from any one.
Thanks a lot in advance
After lurking behind the scene for some time, I decided to sign up an account to join in on the learning session here. Just started only 2 months ago and came across this interesting yet potent strategy.
My question for now is that I was examining the USDCHF and notice a really beautiful RT in the making and looking to short this in about 30mins time. However what is holding me back is the fact that i heard USDCHF is highly correlated with EURUSD. Currently EURUSD looks highly dangeorus to be longing and by shorting USDCHF I feel like i am going against what i understand about this correlation.
can any kind soul give me some advice about this view? i am highly interested to take in any advice from any one.
Thanks a lot in advance