EUR/CAD Analysis, Chart, and Trading Idea

Analytics for EUR/CAD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

Bears are testing the 200 ЕМА on the 4H timeframe. The false breach of the level is forming. An entry point is forming with the B wave bounce on the H! timeframe. The slow 365 ЕМА is below the 135 ЕМА, which indicates that ascending trend is in force. The Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (А) wave breaches the sloping channel of the descending structure

Stop-loss: 1.4655

Target price levels: 1.4786, 1.4850