Pair is already trading above a major Resistance Zone @110.00. Volume is looking to decrease for the Buyers, which could ultimately lead to an increase in Selling Volume. If the Selling Volume do increase and break the threshold within next 5-8 candles of this setup then it would be a valid signal to enter at the Entry Level if it hasn't already been breached.
Remember, this setup is only valid for next 5-8 candles. Sometimes, simple setups are the best setups.