Looking for buy entry after EUR/CAD found a support

4H: As we can see on the 4h chart, some positive divergence appeared on RSI which signaled about possible price trend reversal. Price have broken 0.382 fib level, however it didn't stay there for long and it is back above which indicates that pair has found some support and price is turning up.
1H: It looks like ABCD formation has been completed and price now is turning higher which confirms our view that price is turning to bullish stance.

Not sure if this will be long run price move, however technically for me it looks sound for solid few hundreds of pips.
I believe it will depend a lot on crude price (I believe oil should correct it self lower, which would be negative for CAD) and most important NAFTA negotiations.

I will enter half of my usual lot size now at 1.5690 and would add remaining if we retrace a bit at 1.5650
I expect this pair to test recent highs at 1.6150 and maybe to run even higher if all cards would align for this trade :)
My stop loss just below recent lows, at 1.5580

R/R ratio 1:4.2