I have already a relatively large position in this trade but I usually ad on to trades but not at this level. I stay away from giving trading advice but personally I would wait for this smaller degree wave 1 to be complete (probably around 1.0760, start of previous wave 4) and then try to catch the end of the C-wave of wave 2 which is basically my edge within the Elliott Wave framework.
Daily chart:
240min chart: