For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
We can use MACD+DI as an extra confirmation method waiting for a green point.
The is currently above 50. It is an indication of a market.
Buy: As explained above. ~ 45 - 46 USD
Take-profit: You are free to decide, but avoid greed. See the Waves and Fibonacci extensions provided.
Stop-loss: ~ 37.9 USD
Obviously, Elliot's wave count wasn't accurate. But when combined with a combined strategy, using Ichimoku, RSI and MACD, we never took a risk.
Now, the price is looking for support at level 0.5 (38.47 USD), which may be a good bouncing point.