Category Archives: Forex Strategies

How To Trade Flags & Pennants

Bearish Flag

Flags and pennants are popular continuation patterns that every trader must know. Flags and pennants closely resemble each other, differing only in their shape during the pattern’s consolidation period. These patterns are usually preceded by a sharp rally or decline with heavy volume, and mark a midpoint of the move. Flags and Pennants patterns closely […]

Bullish Engulfing Pattern Forex Trading Strategy

One important skill as a forex trader is the ability to spot reversal patterns when they form. One of the popular reversal patterns is the bullish engulfing pattern and the bullish engulfing pattern forex trading strategy is built around that pattern. Engulfing patterns work well with price action trading. This pattern consists of 2 candlesticks, the first one is bearish […]

Forex Correlation Strategy

Negative-Correlation-Forex-Pairs

This forex correlation strategy is based on Currency Correlation. WHAT IS CURRENCY CORRELATION? Currency correlation is a behaviour exhibited by certain currency pairs that either move in the same direction (positively co-related) or in opposite directions (negatively-correlated) at the same time: a currency pair is said to be showing a positive correlation when two or more currency pairs move in the same […]

Heikin Ashi Forex Trading Strategy

Heikin-Ashi candles are a variation of Japanese candlesticks and are very useful when used as an overall trading strategy Forex. Unlike regular Japanese candlesticks, Heikin-Ashi candlesticks do a great job of filtering out the noise that is common with Japanese candlesticks. They highlight the trend of the market more easily than other plotting methods. Let’s […]