EUR/CAD - 1H Trade Setup Must Follow🔹 Pair: EUR/CAD
🔹 Timeframe: 1H
🔹 Analysis Type: Break & Retest
📊 Market Structure:
The price was respecting an ascending trendline but has now broken below it, indicating a possible trend reversal.
A bearish break of structure has occurred, confirming a shift to the downside.
Key Supply Zone around 1.48775, acting as resistance.
Key Demand Zone around 1.47516, a potential target area.
📉 Trade Setup (Short Position):
✅ Entry: After the break of the trendline and a bearish retest near 1.48400 - 1.48775.
📍 Stop Loss: Above the recent high (1.48775).
🎯 Take Profit: 1.47516, aligning with the next demand zone.
📏 Risk-Reward Ratio: 1:2
⚠️ Confirmation Checklist:
✅ Break & Retest of trendline
✅ Rejection from Supply Zone
✅ Momentum shift to bearish
📌 Keep an eye on price action around 1.48400; if price shows rejection with bearish confirmations, this setup remains valid.
🚀 Good luck & trade safe!
