USDCAD Spring with some divergence

USDCAD Daily for a long time was running inside a channel that broke up and made a 1 to 1 move where it faced overhead Resistance and returned to test the channel.

Now we have a second touch of a previous resistance level (look at the horizontal one although the trend line from the channel acts as a second confluence point) and a nice pin bar that
comes with some divergence.

Now we get a better entry price so we might enter for a good Risk-to-reward trade.
The possible target takes into account at least 3 long-term tops which keep the price in some wide range. If that level breaks we have some serious room to the upside.

If yo scale out you need a longer target than the one illustrated.