Price seems to be making a lower high and rejecting the Fib level. There has been a lot of price action at this level previously so there is potential for good liquidity to be located in this zone.
Decent R:R of over 5:1 if we target the previous lows and the 77.500 support region.
I would place my stop loss around 30 pips above this current high that's forming.
To allow for the breathing room of the markets.