USD/CAD long entry

Entered long at bar 1 on a small bullish pin at the 50% fibo retracement of the current upleg. Since the position is a reversal trade against the trend I will step out if goes below the 1.0500 level.
The entry seems to be premature as I should have waited for the 1h trend turning in the direction of the trade. R/R is around 1:3 with stop-loss at 1.0499 and take-profit target at 1.0750 [category journal, trade analysis]

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