After breaking out of the wedge, GBPCHF made a new high @1.533. for short completing @1.536
Looking for previous structure, previous S/R and place stops according to them. If not possible, in case of a all time high/low, use the 113 fib ext as SL. Round numbers are always good reference levels for SLs. Never place a stop on round number, always few pips above/below. If the stop is wide and RR below 1:1.2 I don't take the trade.