A candle close below 1.4000 will confirm break of horizontal support from trendline...this will lead to further downside...
There is also a possibility that price retaces back to the upper trendline of the channel before downside again...
Watch closely and close trade on entry if the second scenario is playing out.
Capital preservation is of the utmost importance here..
No emotions to be involved when trading..
Breakeven is always better than 0.5-1pip loss...