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Chart Correlations

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-15_01-25-04 eurgbp

2015-10-15_01-25-04 eurgbp

If in doubt of direction a trader might compare charts of the same currency like all the euro charts compared to other currencies.

This enables a trader to confirm his bias and one is also able to choose the best chart.

Higher highs and lows should also be on this euro chart to confirm the strength of the trend.

If in an uptrend where price is over the 200 moving average one should buy dips right from an area of support.

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