Put Signal - Support break We get a Put signal when the price is moving in a downtrend and breaks the most recent support level. It will generally take an extended period of trial and error; this will allow you to discover what works for you and what you are comfortable with. This approach is based on a technical analysis of the data available; it can accurately predict the direction and length of a specific assets price movement. When this happens you want to trade with the momentum using an indicator like MACD or stochastic. It is also important to check the economic calendar to forex strategies for daily charts major events that can move the price in one direction on another. Most strategies are adaptable to any time frame, the caveat is that the shorter the time frame the less reliable the signal.
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- Call Signal - Resistance break To trade a Call signal, we look for up trends and breaks in the resistance.
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