after the downmove euchf now has corrected nearly 100% of the move and we may find a good entry at that high level. stopploss goes above the invalidation point = above the start of the downmove. when entered and when it went our direction we can put the trade to breakeven (no more loss) when it reaches the trendline and hope for a break of it for more downside.
dont risk more than 1% of your account on that stopploss! learn how to calculate your lot size!