Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis, we were looking for buy setups around the 1.0 round number and demand zone
Now What?
EURUSD is approaching the upper blue trendline acting as a non-horizontal resistance.
Moreover, the zone 1.04 - 1.05 is a support turned into resistance.
Thus, the highlighted purple circle with the red arrow is a strong area to look for sell setups as it is the intersection of the blue resistance and upper blue trendline.
As per my trading style: As EURUSD approaches the upper purple circle, I will be looking for reversal bearish 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! ~Rich