This is what I look for, trades with great RR using fibs, structure, order blocks and price gaps...
-Big move (down or up)
-structure the other way to a harmonic fib retracement level
-that structure taken out with a move the other way filling price gaps
-entry with previous swing low as stops
-target is previous highs, also where there's liquidity
-Big move (down or up)
-structure the other way to a harmonic fib retracement level
-that structure taken out with a move the other way filling price gaps
-entry with previous swing low as stops
-target is previous highs, also where there's liquidity
Note
another example, that hasn't played out yet but technically looks good.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.