Ideally I want to see another push down, creating bullish divergence
and a false break. To be more conservative, draw the most recent trend line
( bearish trend line
) and wait for the breakout. Last stage is to let the price correct itself a bit before going long.
Target 1 – 1.0520.
Target 2 – 1.0580.
Stop loss – below last low created.
Note: Move your stop loss to entry level, once target 1 is reached.