Nice area for a long entry in my opinion. Price is respecting an ascending channel. Above there is a key level of resistance according to the Fibonacci from a top/down analysis. Stoch is showing good signs of early momentum on the 4hr. Retracement resistance has already been breeched for this wave at .786 which suggests that zone will be revisited. I am going to try and hold this long until the Key Level is hit. Wish me luck =)