We see that the 0.786 fibonacci level as well as the create a great area to take this trade. If we look left, we can also find some support and therefore it all makes a great case for entry this trade. I am looking for a 1:4 Risk:Reward ratio and that is GREAT! I will take the trade as long as it comes back at 112.47. I will keep you updated.
Have a great Day ;)