As it can be clearly inferred from the graphical illustration, a nice ascending trendline has been formed and the price has been respecting it and bouncing off it. From the looks of it, the price is attempting to form an inverted Head& Shoulders pattern. We will patiently wait for the price to visit the neckline of the formed pattern and complete the formation of a right shoulder, before we go long and aim for the zone identified on the chart.