EURCAD Looks Tired After That Fakeout
That bullish trap on EURCAD was textbook. I'm not buying the recovery.
I’ve seen this pattern too many times. EURCAD faked a breakout to the upside on the hourly, trapped the bulls, and now we’re getting consecutive bearish imbalance bars. Smart money doesn’t chase those moves — they let the trap form and then fade it.
Retracements back into the trap zone are just more fuel for the short side. If you’re still clinging to long positions here, you’re the exit liquidity. I’m looking to lean bearish as long as price stays below that recent swing high.
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