Execution Timeframe: 4H
Reasons for Entry: Touch of a TL, which lines up with a close with the 61.8 fib level, which also lines up with a 50 on the . Also lines up with a BRC of a broken .
Reasons for SL placement: Above the 78.6 fib level, above the TL, and above the broken .
Reasons for TP placement: At the -0.27 fib extension level, will have to watch trade as it approaches a TL.