You may get .psd* file of "Direction Sign" Photoshop tutorial by making a payment. Put the tutorial title in "Add special instructions to seller" line of PayPal and it will be sent to you shortly.
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- Duplicate these shapes several times.
- Create the wooden arrow and fixing by the same way as a wooden board in the previous actions.
- Create second wooden arrow.
- Apply Skew transformation to it.
- Reduce arrow size across using Free Transformation
- Apply Gradient Overlay layer style effect just like in the example below.