$NXPC #TradeStories I see a potential **double bottom** forming.
For a bigger reward:
1. **Confirmation:** Watch for a strong break above the neckline, roughly around **2.60**.
2. **Entry:** Consider a long entry after the breakout, around **2.61**.
3. **Stop-Loss:** Place a stop-loss below the second bottom's low, around **2.31**.
4. **Target:** The height of the double bottom is approximately **2.60 - 2.31 = 0.29**. Add this to the neckline (**2.60**) for a potential target around **2.89**. This gives a risk/reward ratio of approximately **(2.89 - 2.61) / (2.61 - 2.31) = 0.28 / 0.30 ≈ 0.93:1**. Aiming for a 1:1 ratio would put the target around **2.91**.