price exactly did the same thing ,came to channel mid way gave 40 pips approx.
then bullish engulfing candle will take your TSL , Channel broke on upper Side so you ll have buy trade as well coz its 1Hr chart and there is also 30 pips you were sitting right now,
Lower part trade didn't executed coz Price didn't reach there.
we just follow simple price action.
Now Upper channel part should be new base for price so act accordingly.