Ed Hintz points out that this is easily done with TFS Power Tools and wrote about it in 2007.
- In the Source Control Explorer, right click on a parent folder that contains the pending change and choose, “Find in Source Control”.
- Choose "Status…".
- Press the Find button. (optionally you can type in a user and\or wildcards if you want to narrow the search)
- You will be presented a “Find in Source Control” window.
- Select the pending change and press the undo button OR right click Undo…
(formerly Team System, VSTS)