since the market has clearly broken through the downward trend, it is a perfect opportunity to enter the breakout now or set a buy limit at the trend line, where it likely to slightly reverse before making a big move upward. This is a standard breakout trade. I recommend making stop loss 50 pips or more and matching this with take profit in order to reach a 1:1 risk/reward. anything under 1:1 would not be practicle