Recently we've noticed a death cross ( 50 EMA breaking through 200 EMA downwards) signaling a bearish trend and the price followed by going downwards to reach a new recent low then it pulled back. Using Fibonacci retracement place a trade on the 50% pullback. Place take profit at Fibonacci level 161.8 and stop loss above the previous high by few pips and thus allowing a good risktoreward ratio. Price action reversing and reaching stop loss has a low probability of happening since 200 EMA of both 4h and 1D timeframe is below stop loss adding more dynamic resistance to the price.