AUDNZD Short Trade

AUDNZD H4

I am watching this setup from past few sessions. Details [here].

Price has bounced to the upper channel, and is backing off. On a daily timeframe price looks over brought.



I went short right at the backoff action after touching the channel's upper trendline. 

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UPDTAE ON 16-Nov-12 3:55GMT: Trade came out very well. I banked my short for 55pips. Chart posted [here].

Now, I am looking for another potential  head-and-shoulder trade setup in this pair. Details [here].