EUR/CAD Short (Re-entry After Rate Cut Reversal)
Got stopped out on the previous attempt — but this re-entry offered a stronger, higher-timeframe confirmation.
Daily Chart: We printed a long-tailed hammer rejecting hard off a key weekly zone. That wick tested liquidity and snapped back, giving early signs of euro exhaustion. Today, price is flipping into what looks like a bearish engulfing candle — pending the close — suggesting trend reversal pressure is real.
Catalyst: The ECB dropped a 25bps rate cut, a shift from my earlier post when no EU news was expected. This move added strong bearish sentiment, especially paired with continued U.S. trade pressure under Trump’s new tariffs. Macro + technicals aligned = clean setup.
4H Chart: Multiple rejections off the weekly zone after that liquidity sweep, followed by an inside bar setup — that was my re-entry trigger. I’ve been holding since yesterday and we’re now running a 1:6.27 R:R play toward a key downside target.
1H Chart: During and after the ECB announcement, price action got messy — hammers, dojis, and fake bullish pushes all turned into supply-heavy rejections. That’s typical “fade the news” behavior when the big players already had their direction.
Key Zone: 1.56800 is the final liquidity shelf before price enters clean air. Once we get a solid 4H close below that zone, I expect price to accelerate toward my target at 1.55727.
This one’s got weight behind it — technical structure, macro catalysts, and institutional pressure all aligned.
Got stopped out on the previous attempt — but this re-entry offered a stronger, higher-timeframe confirmation.
Daily Chart: We printed a long-tailed hammer rejecting hard off a key weekly zone. That wick tested liquidity and snapped back, giving early signs of euro exhaustion. Today, price is flipping into what looks like a bearish engulfing candle — pending the close — suggesting trend reversal pressure is real.
Catalyst: The ECB dropped a 25bps rate cut, a shift from my earlier post when no EU news was expected. This move added strong bearish sentiment, especially paired with continued U.S. trade pressure under Trump’s new tariffs. Macro + technicals aligned = clean setup.
4H Chart: Multiple rejections off the weekly zone after that liquidity sweep, followed by an inside bar setup — that was my re-entry trigger. I’ve been holding since yesterday and we’re now running a 1:6.27 R:R play toward a key downside target.
1H Chart: During and after the ECB announcement, price action got messy — hammers, dojis, and fake bullish pushes all turned into supply-heavy rejections. That’s typical “fade the news” behavior when the big players already had their direction.
Key Zone: 1.56800 is the final liquidity shelf before price enters clean air. Once we get a solid 4H close below that zone, I expect price to accelerate toward my target at 1.55727.
This one’s got weight behind it — technical structure, macro catalysts, and institutional pressure all aligned.
Trade closed: stop reached
retained 1R at 30% of position and stopped out break even remainder 
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Related publications
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.