📈EURUSD has been overall bullish trading within the rising channel marked in blue.
However, it is currently retesting the upper bound of its channel.
Moreover, the green zone is a strong resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and green resistance.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
http://dlvr.it/TN5Jk8