MY EUR/USD trade setup based on the 2-hour chart pattern:
🔻 Trade Type: Short (Sell)
Entry: 1.13500
Resistance (Invalidation / Strong Resistance): 1.14140
Targets:
🎯 Target 1: 1.11300
🎯 Target 2 (Final): 1.10675
⚖️ Risk-Reward Overview
Target Reward (pips) Risk (pips) R:R Ratio
1st Target 220 64 3.44
2nd Target 282.5 64 4.41
🔹 Risk (in pips) = Resistance – Entry = 1.14140 – 1.13500 = 64 pips
🔹 Reward to 1st target = 220 pips
🔹 Reward to final target = 282.5 pips
📉 Chart Pattern Assumptions
You mentioned a 2H pattern—though you didn’t specify, based on price action this could be:
Bearish flag, double top, or rising wedge breakdown near resistance.
✅ Summary:
Excellent risk-reward profile
Tight resistance for SL
Targets are realistic if momentum shifts lower
Consider partial TP at 1.11300 and trail stop to breakeven for 1.10675
🔻 Trade Type: Short (Sell)
Entry: 1.13500
Resistance (Invalidation / Strong Resistance): 1.14140
Targets:
🎯 Target 1: 1.11300
🎯 Target 2 (Final): 1.10675
⚖️ Risk-Reward Overview
Target Reward (pips) Risk (pips) R:R Ratio
1st Target 220 64 3.44
2nd Target 282.5 64 4.41
🔹 Risk (in pips) = Resistance – Entry = 1.14140 – 1.13500 = 64 pips
🔹 Reward to 1st target = 220 pips
🔹 Reward to final target = 282.5 pips
📉 Chart Pattern Assumptions
You mentioned a 2H pattern—though you didn’t specify, based on price action this could be:
Bearish flag, double top, or rising wedge breakdown near resistance.
✅ Summary:
Excellent risk-reward profile
Tight resistance for SL
Targets are realistic if momentum shifts lower
Consider partial TP at 1.11300 and trail stop to breakeven for 1.10675
Trade active
trade active
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
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Related publications
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.
📲 Join telegram channel free ..
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Forex_golg_free_signals
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/Forex_golg_free_signals
Related publications
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.