GBP/CAD Daily Chart Prediction

GBP/CAD has had its price constrained within a channel on the daily chart. Last week price bounced from the bottom of the channel straight to the top of the channel. This week price has began a decent from the top of the channel. I am expecting price to eventual turn around and go back to the top of the channel to retest before descending to at least the bottom of the channel. This would be the formation of an M pattern on the chart! An alternative is that price will not turn around, and descend straight to the bottom of the channel.