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Multi leg options can be used to define risk by simultaneously buying and selling long and short contracts. Trades based on the W trading pattern should be executed by waiting for the confirmation of the pattern, typically after the price breaks the resistance level at the peak of the “W”. Futures contracts are traded on an exchange for set values of currency and with set expiry dates. You might want to have a look at them. Strictly Necessary Cookies. You need not undergo the same process again when you approach another intermediary. Want to know more about Quanta platform’s offerings for businesses. ASX® is a trademark of the Australian Securities Exchange.