russelldaily

Guided by the Fractal

FX:EURUSD   Euro / U.S. Dollar
31 0 1
The marked entry, determined by the previous fractal was the first indication of price coming off the high. As we see, the fractal guides this trader to the 1.1200. I exited simply because indecision is shown at the significant 1.1200. I don't predict a take profit. The fractal will indicate when I should get out, or some other price action event. Although the fractal is good for any time frame, I choose the 1 hour because I have a better chance of finding profit as price goes up and down the chart.
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