Im just wondering does anyone use another currency pair to give an indicatation of anothers?
i.e aud/usd
i see that it at resistance for saying sake
i look at the usd/jpy, and i see the usd gaining strength
im more interested in aud/usd because i think that there is going to be a bigger move i.e a drop
because its at resistance and the usd/jpy is gaining strength
Does anyone else do this or do you have any pairs that you use to give a indication of another currency pair
usdjpy up
= aud/ usd down
kind of like that ? or more if you can expand on it?
i.e aud/usd
i see that it at resistance for saying sake
i look at the usd/jpy, and i see the usd gaining strength
im more interested in aud/usd because i think that there is going to be a bigger move i.e a drop
because its at resistance and the usd/jpy is gaining strength
Does anyone else do this or do you have any pairs that you use to give a indication of another currency pair
usdjpy up
= aud/ usd down
kind of like that ? or more if you can expand on it?