Now after the we have a potential "Bat" pattern that will complete @1.0999. Now I personally always front run my limit orders by 5 pips when trading on the 240 min TF. In this situation, you might want to think about doing that since this pattern completes right at the psychological 1.1000 level. Now using the same 1 ATR based stop, we have almost a 2:1 reward/risk ratio to target 1 and we have a little better than 3:1 reward/risk to target 2. As always, follow your trading plan and your rules.
If you want to see how I break down this chart, and others like it, you can check out my video on you tube.
Good luck and Good trading this week in the markets!