Downward channel swaying AUDUSD lower

I expect that when we open on Sunday, the AUDUSD will consolidate as some will want to push it up to the downward trendline; if there is confirmation that it will continue lower, I will open a short position around 0.71100 and catch some of the downward movement. My inclination is bearish, however if it goes up and breaks the 0.71500 downward trendline, I will open a long position and catch some of the movement toward 0.7200 resistance.

Open at 0.71080
S/L: 0.71329
TP: 0.70711
R:R 2.57:1