Analysis:

Is this the start of Wave 3?
Did we complete Wave 2 of Wave 3 and now moving onto Wave 3 of Wave 3?
We are testing the 0.618-0.65 regions of the current wave.

Reasons to enter the trade:
At the possible trendline
at the 0.618 of the latest wave that began in 2016 December

Without Risk, there can be no possibility of Reward.