Here is an example of using fractals for trailing a stop loss. On my EURGBP long trade a new fractal has formed (actually a higher low), allowing for a tightening of the stop loss.
Both GBP trades are looking good, I’m trailing my stop to the latest fractal on GBP/USD
Series of events on the docket in the coming minutes for the GBP, I trail my stop to B/E on both trades.
Position still in profit this morning. I reduce risk by trailing the stop down to Kijun Sen.