Example of a buy fractal on Gbp/Nzd 15 minute: Rules:
1) Enter after candlestick #5
2) Put stop below candlestick #3
3) Set exit or target of at least two times risk/reward. This example is 1:2 on chart. Fractals can happen on any charts, if you scalp or day trade use them on 15 minute or 1 hour charts and maybe 4 hour charts might work. What is the fractal analysis and what’s its value? The aim of such analysis is «to notice» in time and correctly to treat fractal designs in conjunction with other market data regardless of whether they are fundamental and technical, volume and temporary. The set of the real fractals is very dynamic. It can vary depending on quantity and structure. For instance, emergence of max/min for a fractal need not be consecutive. The main thing is that one of the central bars has to show an obvious extreme. Therefore, non-standard combinations can also be used as fractals: Remember that the best forex trades happen when the five energies are in alignment with trade: these are momentum, trend, fractal , volume and liquidity.
This is the main reason to trade during the time in between London open to London close- this is where the five energies are easily found to trade. Good luck!!!