Lets start with the Top Down Analysis.
Monthly: Monthly is although he has recovered the last 2 months.
Weekly: Weekly was in a long downtrend but now he has been in a pullback for 4 weeks. And our target is small anyway and with in the pullback.
Daily: If we're not zoom out too far, daily has been for a while now.
H4: On the H4 timeframe we see a counter and expect a little push from 50 pips.
Have a nice day.