Technical and fundamental analysis are both closely linked but they are independent and complementary. Fundamentals assess general market trends while technical analysis is more refined, providing specific entry and exit points for a trade. It is recommended to use a combination of both when defining your trading plan.

Any trading strategy in foreign exchange is based on the following assumptions:

The state of the market
Timeframe for trades
Time your trade properly
Gauge sentiment

First of all you take an overall view of where the market is going.
Determine if the position you want to take is long term or short term.
Don’t jump on the first price available, wait until YOUR price is available.
Review technical analysts' consensus and political conditions.