The pair usdcad is in a downtrend with the diagonal price break. The basic idea of this operation is to wait for the price to break the levels selected in the chart, and to make a purchase, the ideal for the most conservative is to wait for a retest in breaking the resistances so that false breach of the levels is not confirmed.
Takeprofit and Stoploss are at the R / R criterion of each operation.
"Establish entry and exit points and understand the relationship between risk and reward" - Jesse Livermore