1H Cypher

Hello,
I will be taking this Cypher, the Ratios are good.
Also If we look on a Daily time frame you will see we are in a Sideways Range.
Are entry point falls right on this entry point.
We have yet to hit the bottom of the channel so I am looking to still be going lower.
Entry at 1.25741
Stop 1.26245
T1 -1.25179
T2 - 1.24828