In a low time-frame (4hrs) this long position is also conformed for at-least 800 Pips.
TP & SL are mentioned in the chart.
Adjust your Stop Loss according to your lot size,
account equity ,strategy & money management.
***If you want to get in this trade from this point or 1.51400, you can still catch 800 pips till TP1 is reached, however there is still a possible move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
* This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like, If you like my analysis :)
I would add more positions on a pullback.. as this move will go a long way up.
Move your SL to 400 pips profit, and if it gets hit.. re-enter after a price action.
Good Luck !