How I approach potential phase range highs or lows

After todays close the trend is bearish. If you wanted to sell you could use 1.2798 (green line) as your stop. That same green line would also be a buy entry for a reversal back toward the the high end of the range. At range highs or lows daily, weekly, or monthly are pivot areas that provide great risk reward opportunities to either play breakouts, reversals, or both if you sell the breakout and reverse your position.