This is a fantastic Risk/Reward opportunity at where price currently sits. I took this trade at the same point, 3 or 4 candle sticks ago. After we see this recent move downward, price came back to a major resistance level, which also happens to sit on the 61.8 Fibonacci level. Price is literally at this point right now, and this presents a fantastic opportunity to leverage the risk/reward opportunity and gather some pips this week.