Here's an analysis of the EurGBP bearish trade setup you provided:
Trade Type: Sell Limit
This is a pending order to sell the EurGBP currency pair at the specified entry level.
Entry Level: 0.85448
This is the price level at which you want to enter a short (sell) position in the EurGBP pair.
Stop Loss: 0.85547
This is the maximum risk you are willing to take on the trade. If the market moves against you and reaches this level, your position will be automatically closed to limit further losses.
Take Profit: 0.8535
This is the price level at which you want to exit the trade with a profit if the market moves in your favor.
Risk to Reward Ratio: 1:1
This means that the potential reward (distance from entry to take profit) is equal to the potential risk (distance from entry to stop loss). In this case, the reward and risk are both 99 pips.
Trade Type: Sell Limit
This is a pending order to sell the EurGBP currency pair at the specified entry level.
Entry Level: 0.85448
This is the price level at which you want to enter a short (sell) position in the EurGBP pair.
Stop Loss: 0.85547
This is the maximum risk you are willing to take on the trade. If the market moves against you and reaches this level, your position will be automatically closed to limit further losses.
Take Profit: 0.8535
This is the price level at which you want to exit the trade with a profit if the market moves in your favor.
Risk to Reward Ratio: 1:1
This means that the potential reward (distance from entry to take profit) is equal to the potential risk (distance from entry to stop loss). In this case, the reward and risk are both 99 pips.