EUR/CAD – Is a Short-Term Long Setup Developing?*Euro vs Canadian DollarPEPPERSTONE:EURCADShaboS**EUR/CAD – Is a Short-Term Long Setup Developing?** This time, let's take a look at a cross pair. On Friday, **EUR/CAD** broke below the low from **June 5**, suggesting a continuation of the bearish trend. However, on the **daily (D1) timeframe**, the market managed to close back **above** that low. Could this have been a **liquidity sweep** rather than a true breakdown? One level that immediately stands out is a **swing high above the current price**, representing a potential **buy-side liquidity** target. If Friday's move was indeed a sweep of sell-side liquidity, the market could have room for a corrective move higher before the broader downtrend resumes. This would create a potential **short-term long opportunity**, even though it would be **counter-trend**. As traders, our job is not to predict the market but to identify high-probability scenarios and manage risk accordingly. The distance to the next buy-side liquidity level appears sufficient to justify a trade—provided the lower timeframes confirm the idea with a valid entry signal. As always: **This is a scenario, not a prediction. Price action will decide.** **Trade the setup, not the bias.**