Example:
EURUSD moves because of the decision made on EURUSD chart, similar to GBPUSD.
If this is the case,aren't decisions made on based a EURGBP chart useless?Since it is just a by product of the decisions made on EURUSD and GBPUSD.
The support/resistances on EURGBP are simply the results of the decisions made on the EURUSD & GBPUSD chart. So, my question is how can the support and resistances of these synthetic currency pairs be reliable at all? These currency pairs simply has no mind of their own.
EURUSD moves because of the decision made on EURUSD chart, similar to GBPUSD.
If this is the case,aren't decisions made on based a EURGBP chart useless?Since it is just a by product of the decisions made on EURUSD and GBPUSD.
The support/resistances on EURGBP are simply the results of the decisions made on the EURUSD & GBPUSD chart. So, my question is how can the support and resistances of these synthetic currency pairs be reliable at all? These currency pairs simply has no mind of their own.