It's a potential short position for 300 pips.
Based on AB=CD And Gann Analysis
If you want to get in this trade from this 1.10450-1.10550, you can still catch 130 pips till TP1 is reached, however there may be a slight pullback., It is recommended to enter with a smaller lot size if you want short right away.
TP & SL are mentioned in the chart.
Good Luck.!
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity
however there may be a slight pullback.