GBPCAD Daily IDEA for a longterm trade

GBPCAD showing strong bull candle off the bottom of the channel on the 2nd touch close to S/R on the Daily and showing momentum on the 4hr. Theory is that it will continue to the upside over the coming month or so.

Entry: 1.6870
SL: 1.6620(BREAK EVEN AFTER TP1 HIT)
TP1: 1.7210(R/R 1.4)
TP2: 1.7740(R/R 3.5)
TP3: 1.8790(R/R 7.7)