I have a larger time frame analysis of EURCAD (related link) that shows an overall move looming in the horizon. Nonetheless, this is a great set up for a move to the upside followed by a reversal back down.
The level I am paying most attention to is point D of the pattern. I am looking for this pattern to complete the full pattern and may even pass it in order to hit 5'.
Overall, look for a quick move to the upside followed by a stronger move to the downside. Updates to be posted as they come along.
1-4 Line hit.