EURCAD BUY SETUP
Institutional Trade Plan
📌 Entry Strategy:
Ideal Buy Zone: 1.4950 – 1.4920 (discount zone).
Alternative Entry: If price reacts at 1.4975 FVG, a smaller position can be considered.
📌 Stop Loss (SL):
Safe SL: Below 1.4900 (institutional liquidity protection).
📌 Take Profit (TP) Targets:
TP1: 1.5050 (recent high).
TP2: 1.5100 (BSL zone).
TP3: 1.5150+ (breakout target).
📌 Confidence Level: MEDIUM
Reasons:
BOS confirms bullish intent.
Liquidity grab below recent lows supports bullish continuation.
📌 Trade Type: Intraday / Swing
If price reacts from 1.4950, it could be an intraday buy.
If price goes deeper into 1.4920, it may be a swing buy.
Final Institutional Decision
🚀 Conclusion: WAIT for price to retrace before entering a buy.
No need to chase price at highs.
Watch 1.4950–1.4920 for Smart Money reaction.
If price reaches 1.5050–1.5100, watch for potential reversal.
🔥 Final Play: Buy at Discount Zone → Target Buy-Side Liquidity Above 1.5050.
📌 Entry Strategy:
Ideal Buy Zone: 1.4950 – 1.4920 (discount zone).
Alternative Entry: If price reacts at 1.4975 FVG, a smaller position can be considered.
📌 Stop Loss (SL):
Safe SL: Below 1.4900 (institutional liquidity protection).
📌 Take Profit (TP) Targets:
TP1: 1.5050 (recent high).
TP2: 1.5100 (BSL zone).
TP3: 1.5150+ (breakout target).
📌 Confidence Level: MEDIUM
Reasons:
BOS confirms bullish intent.
Liquidity grab below recent lows supports bullish continuation.
📌 Trade Type: Intraday / Swing
If price reacts from 1.4950, it could be an intraday buy.
If price goes deeper into 1.4920, it may be a swing buy.
Final Institutional Decision
🚀 Conclusion: WAIT for price to retrace before entering a buy.
No need to chase price at highs.
Watch 1.4950–1.4920 for Smart Money reaction.
If price reaches 1.5050–1.5100, watch for potential reversal.
🔥 Final Play: Buy at Discount Zone → Target Buy-Side Liquidity Above 1.5050.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.