1. great intro and price analysis. I'm not a daredevil. Why would I say that? Because you are buying on anticipation that price will stall at that level you mention. Daring, as forex is very volatile. It could break below the range that you've drawn and with a long spike to the bottom before it could go up. Your action is of wholesale approach.

   I prefer the retail approach. Wait for price to show stalling action with small bearish candlestick. Place a buy limit about a bearish reversal candlestick or a bullish engulfing candlestick. Then in this way I know if my sentiment is wrong, I would have my stoploss place just below the recent candlestick. My capital at risk would be minimum.

   ps, you never show the daily chart. Normally if a channel is form on the 4hour timeframe, more or less the day would close with a doji signifying hesitation or accumulation.

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