AUDCAD : I'm boarding this bearish channel !

My presumed scenario is that bearish resistance is forming on the pair. The rebound is taking place on volumes worthy of this hypothesis. If confirmed, resistance would become the new upper bound of the downtrend channel started on February 20, and the pair could plunge straight to my TP, which is none other than the channel's lower bound!

Comment:

Alas, too much greed on this trade. Does it have enough strength left to go after the TP? In my opinion, it's double or nothing. All that's left is to put in a SLBE and hope... Strong, strong!