The trade is still active , one thing you should not forget , whenever the brake out takes place with large price range or bullish candle , market goes to side way for while only to digest the over bought condition , because once the overbought condition is done then it will rebound to its next level , since you are viewing it in 1 Hour the chart so tomorrow it will likely move up ward if it did not brake the today support or lowest level as support
Agreed. But Entry level should be Upper Band of you mentioned channel.
All are using same Pattern, Technical only we can change Parameter & Concept.
sometime a simple correction can change pattern & SL Hits due to that CORRECTION.
like this Example: