CADCHF: Price bouncing through channel 130+ Pips

CADCHF is currently in a channel and is near resistance. While it broke resistance recently, it rejected the 200 SMMA and showed a strong push to the downside back into the channel. I expect price to be reversed at resistance and head back to support.

Please do not take this as professional advice. Trade this idea at your own risk :)

Good luck if you decide to trade this idea