This is a longer term trade (most probably a couple of days) and the Risk/Reward ratio is good. However, as X is over 100 pips away and stops need to go below that we are looking at a quite large stop loss, so make sure that you check the risk profile before you enter this trade. A potential reward of 270 pips to target 1 and 450 pips to target 2 could be yours.
Good luck and may the pips be with you !
Whether you are a day trader, swing trader or position trader. If you trade stocks, options, forex or crypto, every trader should be able to identify with our exclusive designs.