EUR/USD CHART PATTERN.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
