Trade setup - GBP/USD

So when i looked at the daily chart, I noticed a moving average crossover towards the downside!! which means this could be a trend reversal!

So I looked at the 4 hour chart for a potential entry point and I noticed that spot was trading fairly close to the 38.2 fibonacci level. I decided to enter at that point in the market at 1.5673.
I'm placing my stoploss at the 23.6 fibonacci level and initial take profit at the 50.00 fibonacci level.

Trade Setup:

Sell GBP/USD: 1.5673
Stoploss: 1.5783
Take Profit: 1.5557

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

Lets hope this trade works out!