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In addition to those mentioned by forex ninja and boripat, you could also make use of technical indicators such as oscillators (stochastics, rsi) or momentum indicators (macd, moving averages). Oscillators are leading indicators, which means that they signal when a reversal is about to occur. Momentum indicators, on the other hand, are lagging indicators, which means that they confirm when a reversal is taking place. You could combine the use of an oscillator with a momentum indicator in order to avoid getting faked out.

Author: HappyPip

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