In this video, you will learn about a live fractal flow strategy setup in the 1-hour chart of NZD/USD pair. This strategy makes use of a downtrend, a potential entry point using the fractal flow analysis, and the pitchfork.
As you can see, the point one indicates that you can identify this downtrend by observing the lower highs and lower lows. So, sellers have an upper hand. You can observe divergence as shown by the blue line and the formation of a fractal candle. You can make use of fractal indicators here, on your MetaTrader platform. Here you can enter a short position with a stop-loss above the high.
To determine the take-profit level, you can use the pitchfork. The pitchfork is used as a tool to find dynamic target. You can make use of the lower line for this purpose. It gives you a better risk to reward ratio. As you can see, the lower line nicely captures a good profit for your short trade, and this is where you can close your trade.