The trader took profits on a Euro/Dollar trade in case it was a counter-trend bounce, while also being positioned for a continued uptrend if it breaks out of the daily downtrend.
"this market does keep going higher but we've also went ahead and taken off our targets in case this was just a little counter trend bounce over on the higher time frame and this market in fact continues in that downtrend that we're in out on the daily chart here on the Eurodollar"