Anyway, I will enter into a long position even if it will be for short term taking the risk of having a BE trade if it goes for another run to the downside. Eventually it will turn and go up.
If it breaks the and corrects I will be more than happy to enter it for longer term, for at least a few hundred pips up.
Remember: you should not take this trade unless you have a well tested strategy for entering and managing it. Otherwise you will end up loosing money and blaming everybody but yourself of giving you a bad entry idea.
Do you have a stop right now? At which price level is it set?
Actually I didn't took the buy on this one (because it never gave me a good entry point), but I took the sell setup when it broke the trendline, where you should have been closed your short term trade