Because this is a more aggressive entry point, I set my position size and SL to minimize the loss should it not go in my direction. I am also able to add to the position once trend has been confirmed on lower time frame (1h).
1M:
1W: Down trend broken following consolidation breakout where newly HH/HL formed. Current pullback close to support zone.\
1D: pullback to 76% Fib. Pullback could continue, however if it did it would question stability of up trend. I maybe early, but I am expecting trend continuation.
4H:
1H: This is a more aggressive entry point. More conservative approach would be to wait until up trend has been established/confirmed on lower time frame.