EURCAD H1

H4 and H1 both have good structure - lower lows and lower highs.

Linear Regression channels, those timeframes are show reasonable resistance, as well as reversal candle on the hourly.

Lower timeframes (5 and 15min) both showing interaction with the mean of their Linear Regression channels.

Comment:

SL at 1.5063 level - outside linear regression channel and also above a lower high, so clear indication of where wrong on this idea.

TP at 1.4995 level - based on an area prior to the 123.6 fib extension on the hourly and also above the lower edge of the linear regression channel using a ray extension.