The British Pound / Australian Dollar pair has been following this channel for more than a year now, and breaking out of it would bring a significant bear advantage. The secure way to play this out is to SHORT until the support line, and then if there's additional downward movement set a STOP-Order below it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.