EURCAD BUY SETUP

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#EUR/CAD# 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.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

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