OK, Protective Stop hit on that one (anticipated moved) ... never stretch your Protective Stop. The only trader who successfully streteches his Protective Stops is Franz Shoar of Traders International fame, and we know what he trades with ... paper.
Simply reshort @ xx.xx (in this case, 1277.50), and - taking a page out of Romiks book - doubledown baby! It's far easier to go with a move which is being supported by price action moving in your favor than to hold onto a move which is going against you!