22 June: EURCAD seeing a bounce here

FOREXCOM:EURCAD   Euro / Canadian Dollar
Hi everyone!

Seeing an opportunity to play the bounce here on EURCAD with prices pulling back to the ascending trend line and 78.6% fibonacci retracement , where our entry is placed. Our stop loss is placed below the trend line and recent low and take profit levels are based off the -27.2% and -61.8% retracement. What are your thoughts on EURCAD?