GBPAUD - Lining up for Short Swings

GBPAUD is, for the 5th time, approaching the top of a parallel channel on the Daily Time Frame.
Price has never broken and closed out above it in over a year and a half. Historically speaking, should we get a rejection and a failed retest, GBPAUD could yield serious profits on a swing trade opportunity. Immense R:R with great returns, and little risk.
ForexGBPAUDParallel ChannelTrend AnalysisTrend Lines

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