Buy above 106.35. Stop loss at 105.40. Take profit at 108.45.
Reason for the trading strategy (technically):
Price has made a exit of our long term descending resistance-turned-support line meaning our momentum is shifting from to . We look to buy above major support at 106.35 ( , horizontal overlap support) for a strong push up to 108.45 resistance ( , horizontal pullback resistance). We do have to be cautious of intermediate resistance at 107.82 ( , horizontal swing high resistance).
(89) sees a exit on signalling a shift in momentum from to too.