A little less than 1:1 risk/reward as stops need to go above the wicks to the left of X.
Price usually likes to test the highest/lowest structure when they are this close.
However, given that this is at the top of the channel, and that price has been rejected there several times already, this offers a great trading opportunity in my book. If price reaches my D-completion that is.
Always conduct your own analysis before entering a trade.