My bias is to the long side simply because there has been some aggressive price action at this level in the past and there's been a couple of price flips (support turns into resistance)when looking at the horizontal line. going forward i will monitor this level on lower time frames for more confirmations but from the outset, a head and shoulders pattern is just about complete on the 62% fib retracement zone. Regarding risk/reward factors, my SL and TP will remain as is for now but will be updated once a harmonic pattern is found on the lower time frames