The market could bounce off the bottom of your channel and breakout (bullish), but on the other hand it could fall through I would wait until there is a breakout either way to make your decision. However this is just my opinion and should make your own choice in regard to trading.
I sold AUDSGD at 1.0825 after seeing the "closed" H4 bearish inside bar pin bar. thereafter i checked with my MT4 and realised that there is actually no inside bar pin bar. i immediately regret my decision to sell. i have no idea why the AUDSGD is showing a "closed" H4 pin bar. Do you know why? A glitch perhaps? I exited half my position on a 10 pips loss immediately after realising this foolish mistake by tradingview.com