Price is reaching major support at 147.500 - 147.000 Also, it is very near the trend line too.
These are the two major signals that I am using to entry the trade.
Placing a buy Order at 147.000 Stop loss at 146.400 Target 156.400 ( at least )
If the plan doesn't go right I am risking only 60 pips. Prices can even go further it can go to 145.280 which is 161% extension of the last move. However, it might go lower because It would have broken the up trend line. ( 139.300)