High Probability Forex Trade Areas — You can trade this method on any timeframe and on any currency pair.

Forex Market Hours

This also works on non-Forex charts, so if you trade Oil or Gold, you are still good. By default, the Levelator will look to identify the lowest low and the highest high over the last candles and then connect them.

Once a high and a low has been identified, the Levelator will draw 6 equally spaced levels or zones between the high and the low. At each line that separates the sections, you will see a yellow number.

This is the number of pips the current market price is away from these levels. These numbers will continually change as the price of the market changes.

In the financial world, correlation is a statistical measure of how two securities move in relation to each other. Currency correlation , then, tells us whether two currency pairs move in the same, opposite, or totally random direction , over some period of time.

Forex Correlation Strategy (TRADE FOREX CORRELATION)

This is a nice little system with very defined entry and exit rules. Your email address will not be published. Leave this field empty.

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What does a negative correlation coefficient mean? | Investopedia

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