Developing rounded bottom here, looks like this is a retracement of the wave 1 bull impulse leg before price goes into continuation in a 3 wave cyclic move. Do not get in yet as a conservative trader. Conservative traders need to place an
order at 104.15. Aggressive traders can go right ahead. Todays daily candle has engulfed the bear candle seem in the impulse yesterday, showing continued sustained strength. Expecting nice upside.
Hope you have a tested trading strategy to trade this move.