In this scenario, long position should be entered durring confirmed up trend after reversal of down trend at 0.236 on larger time frame at about 7070. Possible trade is very optimistic view of the situation with gain of 17% and very R:R 1:4. Stop is set at 0.5 level of short term up trend as this is strong historical support-resistance level.
One should be carefull and take possible more conservative approact with gains in the area of 10-12% with take profit market set at current ATH . Should market levels change, this analysis must be corrected in accordance with new data and possible new ATH level.