First main channel is in uptrend. The minor downtrend channel was broken, so we go long on the retracement to the breakout. Stops and targets remain the same as per the previous analysis. See linked chart.
Comparing other losing set ups to this (assuming this results in a profit), then i've noticed that the trade set up is likely to go in the intended direction when a minor (counter trend) price channel inside the main channel is broken. Which is what we notice in the down sloping channel. It was broken, retested from outside (retracement to 1.358) and then went within the bounds of the larger channel. Will test this scenario in past losing trades to see if this point is valid or not.