AUDCAD /Chart Pattern/Price Action/

Updated
The price broke out the lower trend of the down slope channel. When the price breakout with the channel slope, it is usually false breakout.
That is why I take a buy trade. The risk/reward ratio is so good here.
Note
I moved the stop loss to /0.92119/.
Note
snapshot
Trade closed manually
I closed the trade with profit /107/ points
Parallel Channel

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