The 4hr chart could provide the key to what is shaping up to be a bullish flag pattern before the trend resumes. Price will need to touch the 0.382 for me to take this trade. If we see a 3 step pattern - price action confirming a reversal trend on the lower time frames ie; A higher high than the last swing from the this will confirm the trade for me. Also the MACD is heading down and it will be below the risk line and I will need to see a MACD cross to stay in my trade. My risk is small compared to the reward. The rise of the first leg (flag pole) is repeated as the trend resumes from a typical consolidation pattern. See the profit take area is symmetrical to the previous rise.