Potentially, yes. But we have to see a significant pullback AND a break above the last 5 minute candle high to be able to get back in long again. Normally the first run up off of a new low sees a retrace back to either the 61.8 or 78.6 fib. If you get a reversal starting up in that area, that's a pretty safe entry. Stop loss would go below the lowest 5 minute candle low.
The ultra safe entry is to wait for a break above the previous candle high. Fewer pips of profit but more certainty that the run will continue.
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