Hi Hova, I'm watching this too. I really like the area, and had it marked on my chart for the last couple days. I think several people are in on the 4 hour bar, but I'm still demoing only daily bars for one more month.
Anyway, I think the area is strong, as long as the bar closes strong I'd consider this a good trade.
Positives:
(minor) swing high
large bar (engulfs 3 whole days)
across the 365 ema
ppz
fib confluence
Negatives
large bar (=large stop, fairly good chance it will retrace to 50 fib or 61 fib before or after break, good to be aware of this)
trading into some traffic
All of the above is just my opinion.
Cory