- Strong previous support level - Retraced off a key fib level (0.764) - Decent risk/reward ratio of above 2:1 - Showing signs of reversal due to bullish candle with a long wick. - Will wait for price to break the next fib level (0.618) for confirmation that price will continue north. - Will bring stop loss to break even when price reaches at least 90% of target 1. - Will bring stop loss to 0.5 Fib level if prices reaches 50% of target 2. - Will close trade early if price hits the ascending channel resistance line.