I found a really great opportuniy in the EUR/AUD 4H.
The best part? It's executable in both direction.
Here are those completions:
1. Completion at the with target at that comes right at structure (Given that this trade has a bias in the HT . I only shoot for the ). SL goes above the X point at 1.18 Fib Inversion of the X-A leg.
2. Completion at the 1.382 Fib Extension that comes so deep, almost right at strucure. Given the bias at the HT , this time I go for the 0.618 Fib Retracement as target and place SL below the 1.618 Fib. Extension at the 1.13 X-A Fib. Inversion. That gives me a roughly 3:1 Reward/Risk ratio and allowing me to use a more agressive position sizing strategy.
So that's my plan, what do you guys think?
Hope this one helps you bulding more cases for your entry.