This is a standard Elliott Wave Scenario for the bulls. Assuming we are finishing the Wave 2, we will be starting Wave 3 very soon. I've used typical lengths and retracements, so this can change, but the direction is upwards from here based on what I see. A RETRACE BELOW THE START OF WAVE 1 WOULD INVALIDATE THIS BULLISH SCENARIO.
The risk to reward ratio is excellent. No risk, no reward - remember to set your stop loss!!