2410 GBPAUD the red channel is pulling it down ,400 pips to go

GBPAUD has a red channel that just finished a reflection point on it.
To go south , it still has 400 pips to drop till it hit the middle line of the channel.
Now can not be sure if price will bounce up by hitting that line. But this now looks like a correction to us.
The blue channel is still an uptrend one. And even though price drop down lower to hit the blue channel, it will only make us another reason to long it again.

Less is more!