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Is there any plans/possibility to continue this story?
Originally no. However, after thinking about it for a while, I do have a few potential ideas that I could use to continue this. Unfortunately, I'm not going to be as focused on this story as I will be on the others that I'm currently plotting out. So I've decided to make this into a series and if I finish another one-shot for this storyline, I'll add it. With that said, feel free to adopt this story idea and run with it. I just ask that you let me know so I can read it.
How did the Avengers get involved?
This takes place after Winter Soldier but before Age of Ultron, so the Avengers are planning to go after the different Hydra bases. However, Thor is still off-world and the Fury decided to give the Avengers Harry as a temporary substitute for Thor. The Story starts off after they wake Harry up and they try to ask him for help.
If you have any more questions about the 'Harry Potter and the Grimm Reapers' storyline, please put them in the comments and I'll answer them as soon as I can.