Forex Trading Strategies

Fakey Pattern” in Forex Trading: Understanding the Basics

3 min read

Fakey patterns are a popular trading strategy used by many Forex traders. The Fakey pattern is a price action trading strategy that involves a series of inside bar patterns to identify potential break out trades that can lead to high probability trades with decent reward to risk ratios. The setup can be used in both trending and range bound markets and may offer clues for further trade direction. Fakey patterns can be used as a signal to buy or sell a currency pair as the breakout occurs. For Forex traders, a Fakey pattern can be an excellent way to potentially capitalize on short-term market movements.