The labels I used on the chart explains the setup and my reason for a buy trade. Taking a closer look we notice a break of structure to the upside indicating an up-trend. To catch the maximum pips with a good RR we wait for price to pull back and which it generously did in this chart providing us with a fairly good 1:3 RR. Now I pray price continues its trend up all the way to at least the previous high to take profit.