Technical analysis is one thing which a trader shouldn't ignore in the forex. Now I am not saying you should do away with fundamental analysis. I really like the fractals for as a tool for technical analysis. It plays a great role in providing a good entry method, even more importantly, they also give the trader places for great stop losses. Moreover Fractals are natural support and resistance levels, even can be used as major levels on higher timeframes.
That's true indeed... The nice thing is that being a fundamental notion of modern mathematics it is very simple to explain : look at 1 m, 15 m, 30 m, 1h, 3h time frame charts of any instrument. They look all similar... Wonderful ! Why ? Because they are fractal and self similar structures !