FX:EURUSD Euro Fx/U.S. Dollar
A very good example of combining structure and ratio trading. Any move back up into that structure shelf, lining up with 50 Fib retracement, completion of the move, and 1.414 fix ext is going to represent a shorting opportunity. You can use another tool like reversal patterns and indicators to approach it as a counter trend trade and have a tighter stop order.
Trade closed: target reached: +150 pips on this trade! Have a great weekend !