AUDUSD Channel Resistance

This is in continuation to my previous view on AUDUSD pair. See previous post [here].



On H4 chart, price is consolidating below descending channel. Channel's lower trendline is providing resistance to any bounces. Price has already turned south twice from the channel's lower trendline. There's also a small horizontal resistance area on the chart. 

AUDUSD H4

If the big resistance area hold, then we can see price pushing inside the channel.

My trade plan is to add long positions near to big triangle's lower trendline and short positions near triangle's upper trendline.