AUDUSD Long - channel in play

FX:AUDUSD   Australian Dollar / U.S. Dollar
Previously shorted AUDUSD             where downward arrow is on chart and closed for 40 pips profit. Price is now reaching lower trend line of channel and my limit order was triggered, expecting a bounce upward but have tight SL in case of breakout to the downside.

SL: 0.76603
TP: 0.78492
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