Execution Timeframe: 4H
Reasons for Entry: Bouncing off the daily 61.8% level, and the R2 level. Shows good rejection wick of these levels.
Reasons for SL placement: Above rejection wick.
Reasons for TP placement: Above the 50% fib level for a retracement, could be too small of a TP, will evaluate if trade still in play in the morning.