Bad pruning cut, Prunus serrula

I've really buggered this cut up haven't I? 
Tried to correct a ragged cut and ended up too close to the branch. Will the branch survive?

Tried to correct a ragged cut and ended up too close to the branch. Will the branch survive?

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This will teach me not to try out new secateurs for the first time on a valuable plant! I assumed being new that they'd be nice and sharp...