For some more risk of being stopped out but higher RR ratio, you could also set the S/L to 1183.899 beneath X point. But as said – it's more risky for being stopped out.
It looks like A and C are part of a head & shoulder pattern. Before price comes down to point D, it might be that we see another rally to the near of point A high which would give us a head and shoulder pattern. In this case it might make sense to consider this pattern invalid as the risk is pretty high that the price will not retrace at point D but rather just continue move.
Watch price action closely.