EURUSD Short Trade

EURUSD H4

I am watching this setup from past weeks. Details [here]. 

Price is moving in a descending channel. Price has bounced to the channel's upper trendline and is pulling back. 

I went short right at 1.3041 for a possible move towards mid or lower part of the channel. My stop is at highs of 7-Oct. This offer a good Risk-Reward ratio.



200EMA & 100EMA are aproxx in mid of the channel.