On the 1-hour chart, we can observe a potential fractal forming. If this current hourly candle closes bearish, it will confirm the fractal pattern, and we will look to sell at the close of the candle.
What is a fractal?
A fractal is a technical analysis tool that signals potential reversal points in the market. It consists of a series of at least five candles, where the middle candle represents the highest high or lowest low, flanked by two lower highs or higher lows on each side. When a fractal forms at a key level and aligns with market momentum, it provides a strong trade signal.
This setup could lead to a retracement support zone
Trade closed: target reached
200+ pips 💥
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My free signals
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
Twitter
x.com/Elitepipmaster
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
x.com/Elitepipmaster
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.