1H Butterfly

FX:EURCAD   Euro / Canadian Dollar
8 0 1
We have a BF pattern setting up. The Ratios are good.
Also we have 3 Fib. confluences and structure at the entry point.
The pink bar shows past structure.
The Daily fib of the leg has perfect confluence of .382 at entry.
The over all trend is up.
On the Daily chart it would also be retesting the neck line of a Head and Shoulders .

If this stops me out then this Pair will retrace farther down and on a Daily that will set up a Cypher in the future.

Thank you.
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