EUR/USD - Short Trade

Hello dear traders!

Here's a Short Trade Idéa I've been looking at.
So, EUR/USD has really been on BIG uptrend all the way until it came closer to the April 2018 Top.
Since then price has been going up until it made a drastic fall. It then consistently made Lower Highs
indicating signs of Bearish Market.

Here's the two possibilities I'm thinking:

1. Price goes down to the (-0.27) extension after breaking recent Support.

2. Price Re-Tests the area it just broke and breaks it again, going bullish.

Personally I think option #1 will be what's gonna happen. Due to the fact that it broke the 200 EMA
on the 4-hour chart confirming it is currently downtrend, I don't really think it will recover from that
any soon.

Stop Loss #1: 1.21160
Stop Loss #2: 1.21060
Stop Loss #3: 1.20985 <--- Current Stop Loss

Thanks for reading, hope you liked the idéa.
Good luck!