Corrective Structure Has Changed

Previously this pair looked set up to fall - We said wait for the breakout on a lower degree to confirm the short. That didn't happen so now we look for the next opportunity.
This may breakout long or may come back into the channel.
Look for the correct structure before opening any positions.
1) Long breakout - wait for correction before entering long
2) Reverse back into channel - Wait for correction before entering short

Hope this helps
Steve