My expectation is a huge up impulse because, in my opinion, a higher degree correction is in the making. The last bottom can be the end of that correction and if it's so, it can go to 161.300. It's good to see the potential but my target will be a smaller up impulse. Then I'll wait for a correction to buy again. As you can see it came down and made a new low which can be the end of B. Of course, it can make a correction under the and come down more, but we'll hopefully have enough time to move SL to BE in the case of a correction. I placed a pending order above the top by risking 0.5%. If it makes an up impulse and correction I'll buy more.
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Trade with care.