EURCAD Short Setup BuildingEUR/CADOANDA:EURCADEdgeTradingJourneyI’m currently tracking EURCAD as a potential short opportunity, but the key here is patience and timing. From a technical perspective, the market is clearly showing a bearish structure. After topping around 1.6450, price started forming lower highs and is now pulling back into a supply zone between 1.6150 and 1.6200. This aligns with a descending trendline, reinforcing the idea of continuation to the downside. From a COT perspective, CAD is gaining strength with a significant increase in long positioning, while EUR remains relatively neutral. This creates a clear macro imbalance favoring downside on EURCAD. Seasonality also supports this view, as April tends to be a strong month for CAD, adding further bearish pressure to the pair. That said, retail sentiment shows around 80% of traders are already short. This is a critical factor. When positioning becomes this crowded, the market often looks for liquidity before moving in the intended direction. For this reason, I’m not interested in chasing price here. The ideal scenario would be a push above 1.6200 / 1.6250 to sweep liquidity, followed by a rejection on lower timeframes. That would provide a much cleaner and higher probability entry. Until then, I remain patient and reactive.