GBPUSD just broke out of bear trend. Now what?

Trend
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Daily Trend: Consolidation
4H Trend: Up


Signal
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Flag Pattern


Target Prices
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Entry - 1.30170

SL - 1.29377

1st Target: 1.30963

2nd Target: 1.31360


Strategy:
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Trend continuation as price broke out of the parallel channel shown on the chart.

Description:
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We have been seeing previous down trend coming to stop at least for the time being.
If we look into 4H, the price is making higher lows & highs, forming short-term up trend.
Since price has broken out of it's trend resistance, we now have a solid reasoning behind taking long position.
Price should continue to move up per Dow's theory.