In this situation you would set a pending enter sell stop order below current price action, excepting price action to hit price and keep on going downwards to your target or take profit. Always, trade according to your plan and risk management, especially with larger stop losses and targets.
The noted EurUsd daily chart was a set up of 1: 2.5 risk reward with 40 pip stop loss and 100 pip target.
The noted EurUsd daily chart was a set up of 1: 2.5 risk reward with 40 pip stop loss and 100 pip target.