Consider this a great trade opportunity , if price pulls-back to the 200 e.m.a or the lower boundary , Place a long entry using proper risk management ,Place your stop loss below the 200 e.m.a and your take profit close to the upper boundary or the major resistance. Wait for further confirmation such as wick rejection to appear at the lower boundary and Place your trade. Check your 1 hour time-frame to identify the Channel and the resistances. Goodluck