From a higher time frame, specifically W1, the price action has reached the ascending channel's support line. The price structure should now continue to the upper-level resistance.
Now, diving into the price structure at H4 to get an entry-level, it is possible to realize that we need to wait for the breakout of the descending trendline before making any decision.
In case the breakout happens, a retest should mark the crucial and reliable entry point to capture the forthcoming bullishness with the pair.