Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bearish, trading within the falling channel in red.
At present, EURUSD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong supply zone in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper red trendline.
📚 As per my trading style:
As #EURUSD approaches the 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!
~Rich