As you can see a medium-long term channel has been formed, we are on the bottom edge of it and the price is experiencing a very nice consolidation, which is in this case our trigger.
Set up: -Stop loss right below the consolidation, around 40 pips -Take profit in proximity of the next resistance level, around 120 pips -3:1 risk reward. Low risk, high reward. -Target could be reached in approximately 2-3 days according to ATR.