USD/CAD LONG BIAS - Counter-Trendline Bounce

The pair has just bounced from a countertrend-line, will wait till the daily closes convincingly bullish before taking out a long position. TP all the way up to the wedge upper boundary and the 4HR resistance level for a great R/R.
TP @ 1.35509
SL @ 1.31539
R/R @ 2.97

Trade active:

Trade taken out at a more favourable price, R/R is now 3.48 and the trade is active.

Trade closed: stop reached:

The pair broke below the wedge and took out the SL.