EURAUD pullback after a strong fall

After a false breakout of the strong resistance at 1.634, the price makes a strong downward movement and even goes beyond the lower border of the ascending price channel. I think that after the strongest distribution, we can expect a pullback from the support. My target is a pullback from 1.59 to 1.596

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻