Possible EURCAD Long Opportunity

EURCAD recently broke out of a descending channel to the upside. Price seems to be currently retesting the support level, trying to create enough room for an upside movement.
Entry at 1.54500, Stops at 1.54000 and Target at 1.55500.

N.B. Ideas are subjective, further individual analysis advised.
Chart PatternsTrend Analysis

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