This chart shows a trading setup for the EUR/USD pair on a 2-hour timeframe. Let’s break it down:
Entry Point: Around the 1.03780 level.
Stop Loss: Set at 1.04100 — if the price hits this, the trade closes with a loss.
Take Profit 1: Slightly below the entry point, aiming for a conservative profit.
Take Profit 2: A deeper level, aiming for more profit as the price moves further down.
Last Target: At 1.03200 — the final target for maximum profit.
The chart suggests a sell (short) setup — expecting the price to drop after hitting the entry zone. The risk-reward ratio looks favorable, with a clearly defined stop loss and multiple profit targets.
Would you like help calculating the potential pip gains or refining your strategy further? Let me know!
FALLOW RISK MANAGEMENT ✅
TRADE ON YOUR OWN RISK 👍🏼