Quick short EURUSD, Risk Reward 5:1

FX:EURUSD   Euro / U.S. Dollar
116 0 1
Look for EURUSD             to break the bottom channel support. If it can break, wait for it to come back and retest the line as resistance, if we get a small consolidation at or slightly above the line, wait for a second break and hop in short down to 1.1110

It is not uncommon for a pair to break a support and than come back to push through it slightly while it retests as resistance before the fall, so make sure to give it some room to breathe, don't set your stop too tight if you hop in after the first breakout. If you want to wait for it to come back up and retest, don't worry if you miss it, its not a huge trade and they come around quite often!
Trade closed: target reached: Trade is closed, didn't quite hit the TP I was looking for but I got most of it, hope some of you hopped on board as well!
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