As you can see, price on the daily is making higher highs and higher lows and a clear uptrend is present.
Right now a strong bullish pin bar is forming at the key new support level (1.47320), signifying that a bullish up move is on the cards.
I personally am going to enter on a 38% retrace of the pin bar, and place my stop loss just below; Hoping to achieve a 1:2 ratio.
Lets see how it goes!