Oscillating up-trend market
50/20 EMA support
+6 S/R touches
Decreasing momentum MACD Divergence
More than 1:1 win ratio (TP @ previous pullback )
Order cancelled because of the price formation on the weekly chart. Since it's a conflict pair with my GBP/CAD setup anyway i don't split my trades and stick to my GBP/CAD setup instead.
On the weekly chart you can identify a double top pattern with bearish candlestick formations and decreasing momentum.
I decided to take this trade on the EUR/CAD because of a strong Euro. Since i also trade GBP/CAD i splitted my position size into 50/50.