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As regards forming strategies , the forex trader has to decide on which market condition they decide to base their strategy on. Also they would also choose the timeframes they want to investigate or anlayse and possibly carry out the execution of their trades on. The multiple time frame analysis is an option here too where the trader could use a longer term chart to examine the sentiment or general trends that could be occurring in a currency pair and then use the shorter term to acquire a granular analysis as they enter the trade.