The Republic of Ireland international believes that if Wolves can remain professional and well organised, they have a chance of securing promotion to the Premier League
With eight games played in the Championship, Wolves find themselves in third place in the league and Foley has suggested that the team's ability to keep clean sheets will be crucial to their aims.
"Clean sheets in this league can give you success but there is a long way to go and we can only take each game at a time. We have to be well organised," Foley told wolves.co.uk.
He continued: "We've played with different combinations in our back four this season and most times they have worked. Everyone knows what the manager wants from us and at the moment there is some consistency in our game."
Stale Solbakken's men have now won their last four league games, with their most recent victory coming in the 1-0 home win over Sheffield Wednesday.
"I thought we did very well," Foley said of his side's performance against Sheffield Wednesday. "We were up against a physical side.
"But it was an all-round professional performance to get the lead and keep the ball and not get nervy towards the end," said Foley.