The Stop Loss Area is basically anywhere above 1.11593. Just remember that, that is the area to pull out because you would have lost you 50 pips. I chose this area because based on the lines of resistance from previous structure, it doesn't really tell us that price will have a strong place of resistance. We only see expected resistance at the beginning of the around x. You want to keep your risk as minimised as possible, so this is the best place to pull out.
Same thing goes for the Take Profit region. I placed the target for between 1.09000 and a.08765. This is because the price will most likely retrace around this area or slightly under it. This area is good in case you get greedy and forget you are trading when anything can happen.
Lastly because this is a analysis, it means the short position will take something north of 2 weeks to complete and reach the take profit region. For entry in to the market that will be all up to you friends. Stick to your strategy and you will surely make some good profits off this trade.