Tag: Momentum

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Categories: Forex robot reviews

VWAP Bands: Unlock Trading Power with 1 or 2!

by Simon Cristian

The VWAP 1 or 2 Bands Forex Trading Strategy is a simple yet effective trend trading strategy that uses a combination of the Volume Weighted Average Price (VWAP) and two outer channels or price bands. The strategy is particularly suited to trading medium-term trends on a longer time frame such as the 4-hour chart. By using a VWAP indicator and two outer bands, traders can draw a well-defined turning point or reversal in price that is often a great place to enter or exit a trade. The ability to identify the direction of the trend combined with the level of support and resistance the outer bands provide make this strategy a powerful tool for Forex traders.

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