Long term upwards Fibonacci channel - Short term downtrend

I found that the outlook of the current market (and the support and resistance levels) well match an upwards channel. According to Exo-charts the majority of buy volume sat around 42700 within the intersection of these ranges. There is an order-block in the 4 hour timeframe which has a good R:R ratio. I would like to place a long at 42700 as charted by the diagram, expecting price flow to continue to move into the upper quadrant. This is my bullish outlook on the market (the bearish outlook is we are in a descending triangle).