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EUR/CAD breakdown

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@godswillfx - 1 month ago - Currency Pairs

Looking at your 2H chart,

EUR/CAD 2H Bullish Bias from Daily Order Block 📈

On the daily outlook, EUR/CAD has been in a clear downtrend after rejecting from the ~1.6250 highs. Price has now retraced into a key support confluence zone, which is where the setup becomes interesting.

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G
@godswillfx - 1 month ago

The Idea:

Price tapped into a 2H bullish order block (the green highlighted zone around 1.6040–1.6120), which also aligns with a strong horizontal support level (the blue line ~1.6015). This is a classic mitigation play, price returning to the origin of a prior bullish impulse.

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G
@godswillfx - 1 month ago
Quoted - godswillfx

The Idea:

Price tapped into a 2H bullish order block (the green highlighted zone around 1.6040–1.6120), which also aligns with a strong horizontal support level (the blue line ~1.6015). This is a classic mitigation play, price returning to the origin of a prior bullish impulse.

Entry:Long from the order block zone (~1.6014–1.6040)

Stop Loss: Below the structure low / red support zone (~1.5991)

Target:Back towards the mean / liquidity above

Confluence factors:

- 2H order block respected

- Daily horizontal support holding

- Market structure showing potential shift (the bullish arrow on chart)

- Risk is clean and defined below the red zone

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