As I have mentioned earlier this week, it takes a price-bar on the daily chart where open and close price are outside the high of the measuring bar (1.1040) in order to nullify the trading range.
Yesterday's bar has both (open & closed) outside, so the range can be disregarded.
After this fact, a hook on the daily chart can be expected.
A hook (in an up-trend) is generated by a price bar, that fails to trade to a new high as compared to the preceding bar.
Many professional traders (fund managers) prefer to trade the first hook after the range breakout - as it is a confirmation of the new trend direction after the major entry signal (that I posted last week), inside the trading range.
The first hook is also called 'trend-confirmation-hook' and historically has more thrust than all other major entry signals.
The entry I posted this week off the weekly chart, in the meantime is already 200 pips plus.
"a little bit of knowledge is a dangerous thing"