AUDUSD trending down in a channel..

Price could retrace back a little here, which could be an ideal place to short with lower risk.. however, also watch price action and enter only on confirmation by an impulse on downside as price reaches upper side of trendline..

Trade active:

Good time to enter - keep trend-line as SL & Target...

Comment:

Now that the pair has decided to test the world outside of it's recent zone.. it remains to be seen if it would want to wander back into it's zone, or would the upper side of the trend-line become it's resistance?

I would wait for it to come back inside the zone and then short it again...

Trade closed manually:

The pair decided to get out of the zone and test upper levels..