looking at a swing-low trade - EUR/USD

Just like the cable chart, I found a crossover down on the daily chart! which means - Potential reversal!!

So I looked at the 4- hour chart and i found myself a perfect entry level. Spot broke below the 61.8 fibonacci level, which suggests this is a strong trend reversal. So i decided to place an order to sell Euro at 1.2960.
I'll place the stoploss at the 50.0 fibonacci level and an initial take profit level at the previous low around 1.2730.

Trade Setup:

Sell EUR/USD: 1.2960
Stoploss: 1.3031
Take Profit: 1.2730

As spot drops i'll lower my stoploss as well.

Lets hope this trade works out!