Timeframe: Any
Recommend pair: Any major pair
Indicator: William Fractals
Platform: MT4, TradingView
Long trade setup
Entry
The red arrow should appear. Wait for the price action to continue moving upwards.
Take-profit
Set take-profit at the recent high from the entry point or when the green arrow appears.
Stop-loss
Place a stop-loss at the recent low from the entry point.
Example:
In the chart below, the William Fractals indicator plots the red bar to present a long entry point.
Long trade setup
Short trade setup
Entry
The green arrow should appear. Wait for the price action to continue moving downwards.
Take-profit
Set take-profit at the recent low from the entry point or when the red arrow appears.
Stop-loss
Place a stop-loss at the recent high from the entry point.
Example:
The William Fractals indicator plots the green bar in the chart below to present a short entry point.
Short trade setup
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