EURCAD
Sell Trade Explanation on EURCAD (1H)
Why I took this sell:
I spotted a clear monthly resistance zone a strong area where price has struggled to break higher in the past.
On the daily timeframe, price reached this monthly resistance, respected it, and formed a CRT setup (reversal pattern). This gave me the higher-timeframe bias to look for sells.
I then dropped to the 1H timeframe:
- Saw a Market Structure Shift (price broke lower, confirming bearish momentum)
- Identified liquidity above recent highs
- Price pulled back into my Point of Interest (POI) a breaker block
This breaker block was the perfect entry zone. I entered the sell as price reacted there.
Simple breakdown for beginners:
1. Higher Timeframe resistance = big selling area
2. Daily reaction + CRT = confirmation to sell
3. 1H structure shift + breaker block = precise entry
Trade taken at the confluence of higher-timeframe resistance and lower-timeframe confirmation.
I saw my mistake and I'll note no learn.
Trading trains up to less not more.
SL hit.
