If you observe the currency pairs EURUSD and USDCHF you can clearly see that they both go in opposite directions at any point of time. I don’t know exactly what’s the reason behind this but they go in opposite directions.
For example if EURUSD goes up USDCHF goes down. If EURUSD goes down USDCHF goes up. So I don’t really like to trade these currency pairs in the same direction. Lets say I enter a long trade for EURUSD. Either I go for a short trade for USDCHF or I leave it as it is. If I go for a short trade for EURUSD, I go for a long trade for USDCHF or I leave it as it is. The same thing applies for USDCHF also.
If I go for a long trade for USDCHF, I go for a short trade for EURUSD or I leave it as it is. If I go for a short trade for USDCHF, I go for a long trade for EURUSD or I leave it as it is. But I never go for these currency pairs EURUSD and USDCHF both long trades or both short trades.
Check the following pictures at different points of time. They show you that they both go in opposite directions. The upper chart is EURUSD currnecy pair and the lower chart is USDCHF currency pair.
First Picture:
First Picture
Second Picture:
Second Picture
Third Picture:
Third Picture
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