Possible Short & Long Position for EUR/USD_Trade Plan 2017.06.11

D1 and H4 shows the overall major trend is still up with price is holding up above its MA200.
However, in H1, currently price is moving down below previous support area turns to resistance 1.12000-1.12122 and also below MA200.

Trade Plan 1:
For the last 30 hours, price start to moving within a Falling Price Channel and currently bounces up near its upper line.
If price confirmed rejected down from this area, short the market to follow the short term down movement.
With Stop Loss 21 pips and Target Profit 42 pips, the potential trade offers 2.00 Risk-To-Reward Ratio.
As an alternative, the next Target Profit would be 62 pips (around D1 major support area), offers 2.95 Risk-To-Reward Ratio.

Trade Plan 2:
For the last 1 week, price is moving down after rejected from resistance area 1.12765-1.12851.
If price continue moving down and pull back to support area of the nearest up trendline (slightly above major D1 support area) and rejected up, long the market.
With Stop Loss 35 pips and Target Profit 110 pips, the potential trade offers 3.14 Risk-To-Reward Ratio.