Market looks kind and it's willing to offer the Long entry on 38% Fib
You have noticed that BB on H4 is now straight and narrow again... meaning that a price action is ready to happen any time.
So as it gets close from BB Low, market could break 38% Fib and starts Step 1 of bearish Pattern. This would lead to the continuation of the 'Inside (Step 2)' on Daily Pattern and market will retrace to the 50% Fib.
The Pattern is easy to follow and understand... it's like a matriochka