EURUSD 15min chart looking bearish

 

EURUSD is looking somewhat bearish for a short trip down for at least 50 pips of profit.

Here is the trade idea:

Short @ 1.4170-1.4175

Stop Loss @ 1.4180-1.4185

Take Profit @ 1.4090-1.4100

Edit: I went into the trade @ 1.4168 as soon as it broke the upper trend line of the channel. I will keep the SL @ 5 pips above the previous pivot high which comes to 1.4182

EDIT 2: As the time progressed the target has increased and EURUSD is going in our direction, SL is still the same

Final Update: It went half way in our direction but another contradictory wave in 5min chart invalidated our 15min target. It hit my SL @ 1.4180 and I am out of trade. It may retrace back to the target but I would not trade it unless another clear wave is visible.