Execution Timeframe: 4H
Reasons for Entry: Touching a TL, that lines up with a 78.6% fib line. Has already shown some rejection of this area. Also, showing the 200 on the 4H chart as resistance.
Reasons for SL Placement: Above the move recent high, and above the TLs .
Reasons for TP Placement: Good RR, above the -0.27 fib extension level, right around the recent lows.