FOREX THEORY

#forex #trading #elliottwavetheory

Know Which Currency Cross to Use

Let’s say you’re bearish on the U.S. dollar. How will you trade?

Can’t decide whether to buy EUR/USD or sell USD/CHF? Look at EUR/CHF.

Can’t decide whether to buy USD/CHF or USD/JPY? Look at CHF/JPY.

Can’t decide whether to buy EUR/USD or sell USD/JPY? Look at EUR/JPY.

Can’t decide whether to buy GBP/USD or sell USD/CHF? Look at GBP/CHF.

Can’t decide whether to buy GBP/USD or sell USD/JPY? Look at GBP/JPY.

So always remember, looking at currency cross pairs could give you an idea of the relative strength of a particular currency.