Pair: EUR/USD
Timeframe: H1 / H4
Direction: SELL
Entry: 1.1005 – 1.1020
Stop Loss: 1.1060
Take Profit 1: 1.0950
Take Profit 2: 1.0900
Take Profit 3: 1.0840
Analysis:
- Price retraced to 61.8% Fibonacci level
- Bearish candle formation confirms entry
- Trend continuation supported by higher timeframe
- Precise entry for optimal risk-reward ratio
- Risk 1% per trade
- Partial close at TP1
- Move stop loss to breakeven after TP1