Possible Short & Long Position for USD/CAD_Trade Plan 2017.06.20

D1 and H4 are both showing the overall trend is still down with price holding below MA200.
However, in D1, price seems hold and currently rejected up from major D1 support area 1.31883-1.32497.
In H1, price is moving back up closer to the confluence of resistance area 1.32936-1.33083 (confluenced with MA200).

Trade Plan 1:
If price bounce back to this area and rejected down (even better if there is false break out to the downside), short the market to follow the overall downtrend.
With Stop Loss 30 pips and Target Profit 75 pips, the potential trade offers 2.50 Reward-To-Risk Ratio.

Trade Plan 2:
If price continue moving up and breaks above this area, long the market.
As a conservative approach, can wait for the first pull back to this area after break out, before entrying the market.
With Stop Loss 30 pips and Target Profit 95 pips, the potential trade offers 3.17 Reward-To-Risk Ratio.