Gap in FOREX: Definition, Features, and Strategy
Successful Forex trading requires not only a good trading system, but also understanding of all the market processes, their correct interpretation, and application.
Successful Forex trading requires not only a good trading system, but also understanding of all the market processes, their correct interpretation, and application.
Correlation is a statistical relationship between two and more random variables. The Forex correlation coefficient usually varies from -1 to 1 or sometimes from -100 to 100.
A synthetic currency pair is a pair artificially created by opening two opposite positions for other currency pairs in Forex.
The “Dragon” pattern is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market tendency (trend).
“Head and shoulders” pattern is probably the most famous of those occurring in the market and the one from which people start getting to know technical analysis and the market as such.
The “Flag” pattern is a technical analysis tool in the Forex trading that predicts continuation of the current market tendency (trend) and consists of two parts: the “flagpole” and the “Flag” (the channel within which the price moves).
The “Pennant” pattern is a technical analysis tool; when the pattern is complete, trend continuation is expected. The pattern itself represents a temporary pause (retracement) in the actively developing trend.
The “Wedge” pattern is a technical analysis tool in the Forex that predicts the approaching market tendency (trend) change.
The “Triangle” pattern is a simple technical analysis tool in Forex which is a series of falling tops and rising bottoms (4 points are required to draw the pattern).
More specifically, we will test the divergence on classical indicators such as MACD, RSI, and Stochastic.
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