Did a mid-morning check on the EURUSD and noted that my 1st target (T1) was hit and was profitable. You can see the winning trade on this chart. Since I want to keep my whole trade profitable, I set my stop loss above a recent high since I am shorting the pair. Thus, I set my stop loss at 1.4820 which you can see on this chart. (click on it to enlarge it)
Next target (T2) is 1.4654 which is near the 127% Fib move on the 4 hour chart.
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