EURUSD – where bears attack

With EURUSD falling in a nice symmetrical channel there is a great shorting opportunity at 2500's. What might shake this position is a long term oversold market, daily candles look bullish with the room for pause and some kind of retracement. It really depends on your risk tolerance. The safer stop would be 2626 but that highly decreases RR. Another riskier possibility how to play this retracement is to place the stop just above 2550's. That gives us a minimum of 1:4RR but also riskier position to hold. Since we have established possible negatives, lets focus on positives aka what plays in our hands. First it is a declining symmetrical channel. Second it is a bearish long term downtrend with pretty clean bearish moves always establishing breakdown, range, breakdown, range … creating slowly LL. So it is not a one week show but longer term process. And last most importantly the level. Visible and clear where the orders are piled up. If this position doesn't play well we have other zones to place our short positions: 2500's, 2620's, 2810's and most importantly 2990's.