right at the end of the parallel channel market is seen to be breaking out of a small consolidation inside the parallel channel and i would wait for a clear continuation and a reduced risk entry at the breakout of the higher time frame descending channel which has a much higher chance of profit because even though it broke out of the consolidation reversal market might still play around inside the channel . so breaking out of the whole channel with a clear continuation pattern so i would ride along the bullish structure .

impulse

correction ( parallel channel )

impulse ( breakout and entry )