The pair seems to be forming a classic flag pattern which is why I will be looking to catch a measured move all the way up to the 1.32155 level.
Details: Buy Stop Order @ 1.31830 Stop Loss Order @ 1.31530 (30 pips) Take profit level @ 1.32155 (29.5 pips) Risk - Reward ratio = 0.98
For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.