First Pyramid Entry + Succesful Trade of 144 pips

Looking at the hourly chart a double bottom candle formed (although this wasn’t accompanied by a higher close when I entered). After noticing on the daily chart that price has been trending in a channel for the past month or so I decided this was a high probability trade.

After entering I waiting for a fib retracement from the swing high to enter my second position (pyramind my trade). In hindsight I should have waited for this fib level to be tested more than once (as it dipped slightly lower from where my 2nd entry was), however my analysis was 75% right and was able to net 144 pips in total (including pyramid entry that was the same value as my original trade).