EURCAD: UNDERSTANDING WHAT REALLY MOVES THE PAIR

My documentary on EURCAD:

Price has actually broken below a key level that was created last week after sweeping the Monday highs I Marked with the black horizontal line and then tapped into a fair value gap level and rejected, so we look forward to Tuesday, to get to the Monday high that was created today and break below then we will consider the sells from Wednesday and today is CAD news so I will be combining this strategy with fundamentals to see how effective it will be

Eurcad trade idea:

Price has actually broken below a key level that was created last week after sweeping the Monday highs I Marked with the black horizontal line and then tapped into a fair value gap level and rejected, so we look forward to Tuesday, to get to the Monday high that was created today and break below then we will consider the sells from Wednesday and today is CAD news so I will be combining this strategy with fundamentals to see how effective it will be

I already made my documentary on EURCAD today base on what I expect, also taking cad news into consideration too and also watching oil price too

Price is already selling hard

Yes price is still within the range my target is the weekly lows, so by tomorrow I want to see price buys into the Monday high of today and break below it again giving a strong trend change then I will look for sells by Wednesday

I think price will buy from there

Price is not buying and the sells haven't started, so I am still waiting for price to react close to Sunday open and Monday high that was formed during Asia session, once price reacts there and break below a key structure level I will sell from Wednesday or Thursday depending on the day the sells starts, for now it's accumulating momentum to manipulate early sellers and breakout buyers

Seems price is ranging there

EURCAD tapped into the Monday highs today and is rejecting, a break below a key level will give me more confirmation to take sells on EURCAD

You're in for a sell and I'm seeing buys 🥲

Price after sweeping Monday highs today and is dropping, will wait for that break below then look for sells by tomorrow

Alright then

EURCAD is rejecting and unwilling to break below that structure level, but still waiting for the outcome

Yes price will definitely sell, but its just showing some buy momentum that will fade away soon

My buys were triggered but I wasn't triggered on MT5 because of large spreads

It's even better it didn't trigger because price is just accumulating around there now

After fed rate news eurcad is pushing downward to break below the last higher low which is a key structural level, I will take sells tomorrow on pullbacks

Eurcad broke below those lows successfully, waiting for price to get to the supply level and then give me an internal session liquidity sweep and breakout on a lower timeframe then I will take the sells I am just been cautious

Do you have any setup on eurcad

I have a sell setup which I have been following since this week, but I don't just sell because a pair is selling I wait for confirmation before even predicting or drawing how the setup will be, price action has different patterns but I just choose 1 which is the liquidity sweep pattern both external and internal so if this doesn't occur I allow it because it didn't align with my entry reason even if the sells idea is valid, sometimes it's entry reasons that make us lose trade not even the market idea.

My take for eurcad is sells and I am waiting for an internal range liquidity sweep inside the 4hr imbalance then I will sell down to the weekly swing low, but if the entry reasons don't meet up I will allow it