EURCAD MARKET ANALYSIS

 Good evening traders, it's a bright Wednesday and here's my outlook on EURCAD as my first pair for the week. Price broke below a key H1 & H4 demand zone at 1.55460 & 1.54815 and formed lower lows on H4 at 1.54435 confirming a shift in market structure to bearish after filling the 1st minor H4 range from the key H1 & H4 demand zone to the major daily supply zone and back to the key H1 & H4 demand zone. Price formed lower lows below the broken demand then retraced to retest the broken demand as a new supply before a potential continuation of the drop lower. Took sell positions during late NY session at 1.54585 with SL at 1.54830. Setup taken is a drop base drop, a continuation setup and my target is at the next major H4 & daily demand zone at 1.51600 & 1.51170.