jeudi 3 septembre 2015

EURUSD bias conflicting with EURCHF

I have just ended a short trade on EURUSD which turned out succesfull. During this trade however I discovered that the EURCHF pair looked bullish, which made me doubt the trade somewhat. Here's what charts for the last 2 days or so looks like:


euro facing resistance


euro vs swiss temporary support

This opens the more general question of how to approach setups where the immidiate bias of a given currency is opposed by the same currency as seen on another pair. Ways to go might be:
-Only trading when the biases on an inter pairs basis lines up
- Looking at the currency isolated, ie. dollar index, for confirmation

Any thoughts on this would be welcome


EURUSD bias conflicting with EURCHF

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