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
Comment:
another example, that hasn't played out yet but technically looks good.
