EUR CAD possible trade setup 
WEEKLY CHART
This is a good
R/R trade, lets watch the weekly balance point, which is
5964 this week. Also 6005 is 50% of last week's price candle, so we definately want price action to remain below
6005 to even consider
SHORT setups.
Idea is quite simple really. On the chart there's a white line, which is a major support/resistance line from the past. What we are looking for now is to establish price action below the line, which in turn will confirm price reversal and will confirm the line acting as a resistance line now and mid-term.
TP targets on
SHORT are
TP1 5700 and
TP2 5000, however I will enter shorts only (and if) price retraces a little towards weekly balance point (
5964). Currently trading at
5886.