Broken Fractal : Someone's broken dream is your profit!

14 באוג׳ 2021

Idea
The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit!

Method

• We let the market first create a fractal
  
• We then let the market create an opposite fractal
  
• We then let the market break the first fractal it created, thereby trapping lots of trades in the process
  
• We then patiently wait till the market gives these trapped traders a chance to exit - and we trade in the same direction
  

How to use?
Green boxes are for long entry, red boxes are for short.
Whenever a box appears, that's the risk criteria - setup limit orders and trade along!
Works on all timeframes

If you like this script, please leave a note on how you are using it.
I personally use it with Higher Timeframe bias.

PS1 : some traders call this Break of market structure, some call it Breaker, I just call it "Broken Fractal"
PS2 : Break of a broken fractal is also very potent. Watch out for those!