Within the minor , we see that price has tried to reach the mini but it retraced on tested the previous high of 18.01.2013. From then, it tested on the upsloping major (ML).
We expect price will dance along the upsloping ML with target indicated by the purple a.k.a. sliding parallel.
Order type for tighter stop will be using BUY LIMIT ORDER as indicated.
For the conservative trader, use price action for entry.