AUDUSD GOES FOR A RETEST OR IS IT A FURTHER DECLINE

the Aussie has been in downward channel since the beginning of the year on 26th January and there was a descent breakout on 1st November to the upside. if you were in that breakout trade you would have made about 187 pips maximum. now the pair is returning back to the upper border of the previous channel, this is could be a retest or a returning into the channel for further decline. this offer both opportunity for who was in the first breakout trade to add up to his position or benefit with the downside move and those who were not in the first trade to get their piece of the cake.