The entry of 2614.00 is based on the previous day close of the 200 SMA Stop loss is 2 ATR from the entry. Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1.
Trading Plan: 1. Set Stop loss(2531.50) 2. Sell half at Profit target #1(2696.50) 3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry. (2655.25) 4. Sell the remaining half at the resistance. closing of the red candle on 21 March 2018 (2716.25)
*Final Note: Hello everyone!! If you notice the 5 instances, the stop loss do not have to be 2 ATR. With just 1 ATR, you will not get stopped out in any of the 5 trades. Therefore it easily increases your Reward to Risk ratio by 2 fold.
I hope you managed to learn a pointer or two out of it. Always trade with a plan and have your stop loss in place once you are in the trade.