Once again, we have an opportunity to trade two currency pairs simultaneously to take advantage of the strong correlation that exists between them. In this case, the CAD CHF and the EURO CAD could be given us strong signals on the Daily Chart that point to gains of several hundred pips by next week.
The correlation between them was shown in one of my previous posts and this current setup today will be another one to provide pips trading them together. Both formed Consolidations on their respective Daily Charts after the last breakouts came to an end and now appear to be about to close the day with breakout signals.
DAILY CHART - EURO CAD
DAILY CHART - CAD CHF
Once the signals have closed strongly at 22 00 GMT, entry can be done waiting on a follow-up signal on the respective 4H Charts within the next 24 hours. Targets can range between 100 pips and 200 pips.
The correlation between them was shown in one of my previous posts and this current setup today will be another one to provide pips trading them together. Both formed Consolidations on their respective Daily Charts after the last breakouts came to an end and now appear to be about to close the day with breakout signals.
DAILY CHART - EURO CAD
DAILY CHART - CAD CHF
Once the signals have closed strongly at 22 00 GMT, entry can be done waiting on a follow-up signal on the respective 4H Charts within the next 24 hours. Targets can range between 100 pips and 200 pips.
