As we see on the FX:EURUSD 4H chart we have a very nice long opportunity.
1. Look at the channel where price has tested the edges four times and the fifth point is going to be the entry level.
2. Green @1.0992: We have three retest at this level, some noise as well at the "X" point of , followed by the entry point at the fourth retest.
3. Patern: And of course we have a which is going to finish @1.0992, Fibs ext. of 1.272 with the confluence of structure zone..
Our SL is going to be below the structure zone and "X" point.
Our TP is going to be fibs 0.382-T1 and 0.618-T2