Price bounced from Tenkan line and the uptrend line. DMI confirms trend market conditions and allows open long trades. It's long opportunity and we can place buy-stop orders above 0.88500 with stop orders below 0.87000 level. Profit target should be at the resistance level. For better exit we can use a trailing stop which should be placed below the low of each new bullish candle.
It seems that the 1H chart is in a RSI bearish divergence.
JT85
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i see a potential bearish divergence but if it breaks the high as you are describing, it will be a short term long before a bearish correction in my humble opinion