EUR/USD - turning to a longterm buy?

EURUSD broke structure (downtrend) and is consolidating on the tentative upsloper MLH (fork), forming a major bottom with a massive upside potential. The bottom is also the 0.618 fib line of the last major upswing.
Targets are the 1: 0.5 of the frame / 0.618 fib line of the last downswing and 2: ML of the fork.

Trade is Long EURUSD cmp (1.12270)
Stop Loss (Tighter): 1.11606
Stop Loss (Wider): 1.10872
TP 1: 1.20000
TP 2: 1.28000

Wider Stop Loss should be used only if one can afford it, but risk should never be more than 4% of your account.

Thread carefully,
Nick