If there is a clear break above 141.300 (daily level), then we can see this pair flying up to April high's around the 147.000 level.
Weekly time frame is showing a Head and Shoulder formation.
SL: 139.000 (below monthly level)
TP1: 143.800 (+300 PIPS)
TP2 (upon breaking above TP 1 level): 146.500 (+260 PIPS)
TP3: (upon breaking above TP 2 level) 149.000 (+240...
We have a break of trend line as well as a retest of the trend line too. Daily candle so far is showing a long shadow. Wait for Daily candle close; potential short opportunities to the daily support level .
On a weekly chart, there is a massive rejection of the Weekly Key Level of 0.90000 showing potential move to the downside. Also the weekly candle formed engulfed the previous 3 candles too showing more reason for a setup of a SELL.
On a daily chart, the previous candle has a long wick to the upside which is a confirmation candle of a SELL.
Wait for confirmation --> SELL
There is a bounce of the trend line (WEAK) and price is currently at a major monthly key zone where price has previously bounced off from 3 times making it a very strong area. From the candle stick formation of a long shadow on the Daily time frame, it is an indication of price going to push to the upside.