The EURCAD has formed a bearish divergence. Bearish divergence happens when price makes a higher high while the oscillator makes a lower high. Rising wedge pattern coupled with indecision candles, could signal a bearish move for the pair.
The POC zone is 1.5218-28 in confluence with [7/8 // D H4 // Ext. W H5]. Targeting 1.5131 [4/8 // W H3 // D H5 // ATR Projection Low]. Wait for bearish candlestick configuration [Marubozu, Engulfing, On Next Line, In Neck Line, Three Bearish Stars, Three Inside Down, Bearish Harami Cross, Falling Three, or Bearish Breakaway) for entry confirmation.
Have in mind that price needs to stay below 1.5264 [ATR Projection High] for divergence to remain stable.
A move below 1.5100 would signal additional bearish strength and an extended target of 1.5045 area [1/8 // W L4 // Historical Swing Low]