As is often the case for a reversal, we can see a pattern forming. The neckline isn't yet broken, but a very nice pin and drive pattern is now showing. This pattern is often the precursor of a big move.
Given some patience, this could become a nice entry. I'm looking for the 1.01600 level to break first.
The 4H shows a nice momentum candle; if it can close around this level, we might get an entry.