Let's examine this situation where we entered short on last retracement move, but we don't know what target to set.
In this example, we have a relatively easy short term target, just below previous lows, and stops have already be moved to 1.2635 (MM Resistance) to secure some profit).
However it is not clear at this stage whether the € will fall lower.
So either take profits or tighten stops further, and enjoy the ride...
