Each price bar (with the exception of a doji) has a trend within itself, regardless of the time-frame you are looking at.
If a bar has a higher opening price than close price - it is called a down-trend bar, and vice-versa it is called an up-trend bar.
When looking at the daily chart, there are 6 bars in the same trend (down-trend). They all have a higher open-price than close-price!
Yesterday's bar was a so-called reversal bar, as the trend is in the opposite direction (open-price is lower that the close price)
There is a minor-entry signal rule according of the language of the charts:
If there are 3 (or more) bars in the same trend and then a reversal bar, the high of the reversal bar (ask + 1 pip) can be bought - if at least 3 preceding bars were in a down-trend,
and the low of the reversal bar (bid (-) 1 pip) can be sold if 3 (or more) preceding bars were in an up-trend.
In the EUR/USD case, a buy-stop order can be place over the top of the high from yesterday (as described above)
A break can be traded to near 1.0800/1.0900/1.1150
In addition, I have described congestions several times. First bar we trade is bar Nr. 17, best bars to trade are bar 21 through 29.
Today's bar is Nr. 21
This rule is time-frame independent - as all rules are.
The low from Monday (1.0519 minus 1 pip) is a major sell-stop entry point and could trade to near 1.0400/1.0200
We usually place both trades. If one fails, the other one usually is ok. Often both trades are positive, if the SL is managed properly.
"a little bit of knowledge is a dangerous thing"