Guided by the Fractal

27. Aug. 2015

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.