EURCAD: Sell Opportunity

The daily timeframe - the market looks overbought, and the price reached the resistance level.

The 1H timeframe - we can see the consolidation. The price moves between 2 levels, which form the borders of the horizontal price channel.
We can use a breakout strategy if the price decides to move upward or downward from the channel. Yes, the market can move in both directions. But as the daily timeframe does not look strong from a bullish point of view, it will be more logical to see a downward movement. The market has space for the falling, and it will be a correction movement after the good upward run from 1.44700 bottom.

Estimated Entry: below 1.46535
Stop-Loss: above 1.47015
Profit-Target: at 1.45575

Risk per trade should be no more than 1% of your capital.