EURCAD Buy Opportunity

The price moved above the cloud and reached the downtrend line. The attempt to break this resistance was not successful and the market can form a new swing high. Until the price stays above the cloud, we have to search for buy opportunities. We can place a pending order for buy above 1.54800 for a case if the price bounces from the uptrend line, 1.54000 or the cloud and continues the upward movement.
Stop orders for long trades must be placed below 1.52000 level. Profit targets should at the resistance levels.