AUDUSD Bouncing in channel 60 pips

Price is currently bouncing up and down in a channel. Price has risen from support and retested a key level of resistance. Price rejected the 200 sma in the 1 hour chart and is likely to rise to the top of the channel for 60 pips.

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

Good luck if you decide to trade this idea