Plan A If it respects the parallel channel and produces bullish candles and forms HL, then;
Buy at Bullish candlesticks pattern TP 1: 1.27694 (Slightly below the previous HH, and also a major resistance) TP 2: 1.27922 (At previous HH and major resistance) SL: 1.26385 (Slightly below the previous HL)
Plan B If it does not respect the parallel channel and gives a bearish break out then;
Sell at bearish candles sticks pattern forming right after breaking the parallel channel TP 1: 1.26439 (Support) TP 2: 1.25972 (Support) SL: Get out of it If it enters into the parallel channel again after few candles
Bullish Indications (Why Plan A?): Higher Highs & Higher Lows Formation of parallel Upward channel Continuous respect towards Bullish trendline Bullish candles at HL if at the the time of buying
Bearing Indications (Why Plan B?): Formation of bearish candlestick patterns at HL Bearish breakout of Bullish parallel channel & trend