I happen to notice a downward trend forming, particularly on the 2 hour time frame was easy to notice. I drew two trend lines, and saw price had bounced off the bottom trend line. Therefore I may have waited for a sell from the top. However, I did notice price start to retrace back down. But came close to the bottom portion of the trend once again and went for a buy. As price started to go up, i drew the fib from the new low, to the previous high. Now I have a take profit area, matching the upper trend line with the fib tool. And from there will proceed to look for a sell set up.