EURCAD MARKET ANALYSIS UPDATE

Good evening traders, it has been quite a week in the markets with lots of consolidations but it has also presented profitable setups. Into the EURCAD markets, price dropped in one large H1 bearish engulfing to 1.45431 followed by a drop to the 1st H1 low at 1.45190. Price failed to break the law and rallied back into supply forming a slight consolidation at 1.45338. Price dropped 110 pips to the 1st H1 low at 1.45190 then strongly rallied back into supply to the previous H4 high at 1.46280. Price formed rejection wicks with candle closes inside supply and failed to break the H4 high. Price reversed and strongly dropped 130 pips away from supply in all bearish candles on H1 and 3 strong H4 bearish candles back to the H1 low at 1.45190 confirming a shift in market structure to bearish.
Price retraced to 1.45300 on H1 forming a lower high then gained more bearish momentum taking out the H1 low and dropping lower to 1.44555 approaching the H1 & H4 low at 1.44200. Price has dropped 180 pips to the current lower low at 1.44555 and still showing more bearish potential towards the H1 & H4 low at 1.44200 my previously set target before this week's market close tonight. However, I failed to re-enter the shorts when price railed to break the H4 low hence missing out on the move after my previous entries hit SL.