Forex market off of being in early on a major breakout, so false breakouts tend to get the hopes up before dashing them again, but this is all part of trading Forex. Being on the right side of a true channel breakout is worth all the false alarms you might find along the way.
Besides, if you use your stops correctly, a fake channel breakout shouldn't cost you much, and it may even lead to a very slight profit. It's certainly worth the risk because when you hit the right side of a channel breakout, the profits in some extreme cases can even be hundreds of pips.
A true channel breakout that takes off however, can provide fantastic profits, and is a major reason why technical analysis is used in the market: to try and determine when these channel breakouts are going to occur and to get in the market early can bring good profits.
Channel breakouts can often lead to the forming of another channel, so constant analysis should take place even as the market is in the middle of a breakout in either direction. If you are riding the price up, a trailing stop can be a good idea since reversals can happen rapidly, and sometimes seemingly without warning.
Search for more information about Forex Advisory