We use the same range marker candle and look for an hourly close outside of that marker candle trading range. Today it closed to the upside so we add the original trading range to that close value. Thus we have an implied day high value.
Note; the implied day high value is a Bayesian probability for the safest target high with the maximum probability of success IT DOES NOT mean the absolute high...the market can easilly rally upwards but for this strategy it implies a greater risk factor.
The irony is that I done this exact trade but got a bad fill on my close so covered at 1.3003 as opposed to my expected 1.3008 but still profits are banked.