Perhaps an interesting opp in this lesser frame (M15) where ground could possibly defined at a standard Fib contraction level, such that:
1 - 0.500-Fib = 75.589
2 - 0.681-Fib = 74.834
SL < 0.618-Fib
TG = 79.763 or 1-3 Line extension of WW, which ever come first.
Not worth entering unless it declines first. It's one of those all or nothing.
Predictive Analysis & Forecasting
Durango, Colorado - USA
PS: Looking back, here was an interesting one:
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Here, we are waiting for a significant technical event, not just that price would fall, but that it would fall past a specified level - That level is 77/756/77582 range, and more specifically, the LOW from which that range was generated, which appears to be slightly lower that this range - There should not be any expectation of decline unless price BACA below that defined low value (one could also consider tightening SL at range top + spread + 3-5 pips:
Here, the chart shows the 1.414 level at which I would consider either entering or adding to a position when looking at an adverse excursion. Any higher than this level should really be a matter of personal risk management, although greater than 1.618 is where I would tend to let go of the trade and consider either another timeframe (the larger the adverse excursions, the more probable that price is falling under control of heavier financial players with sturdier price-moving capabilities, all of which always occur in higher frame levels).