GBPAUD At Support Level Of parallel Channel.

FX:GBPAUD   British Pound / Australian Dollar
GBPAUD is Trading in Descending Channel Pattern. it is trading very near to support level of channel pattern. we might see bounce back from current level towards the minor resistance and then resistance line of descending channel pattern. one can initiate long side trade with stop loss just below the support lone of the descending channel pattern.

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Trade closed: stop reached