short EURCAD

this analysis is based on trend structure, from the monthly chart, based on the directional movement and the commodity channel index, then i confirmed with the weekly chart, then it was clear that the rest will all come down eventually am not sure of the TP, but SL can be set very tight because the chart is already in a trend.
but if you are going to trade on the one hour chart then i would advice to open trade on retracement there you can set the SL as tight as soundly possible.