When we looked at USD/CAD last time, we saw that it broke below a channel support. But the bearish scenario could still be assessed within the context of a bullish market. In this case, the 1.2990-1.30 area was a critical support. USD/CAD actually found buyers earlier, around 1.3030 .Now, our original trade idea was to buy at 1.30. Let's take a look at how this trade could have been triggered even though price didn't go to 1.30.USD/CAD 1H Chart 1/18(click to enlarge)First Support at 1.3030:- We can see that last week, price found support at 1.3030 and immediately came back up to about 1.3190 before retreating.- In hindsight a buy around 1.3050 would have worked out so far. But, there would have been no real "trigger". In the long run, simply buying off a price without seeing more evidence of support could be costly.- In this case however, price did give us another chance to enter.Second Test of 1.3030:- As price retreated from 1.3190, it found support again around 1.3030.- In fact price consolidated briefly around 1.3050.- It is within this second evidence of support that a trader can adjust the original trade entry from 1.30 to 1.3050.Trade Adjustment and Consideration; Reward to Risk Assessment:- When we look at the reward to risk profile based on the original stop at 1.2970, it is still very attractive because the first target of 1.3260 would provide reward to risk of almost 3:1.- Now after seeing price action in the 1H chart, we can create another "smaller" trade, with stop under 1.3030 ie. 1.3010.- If price falls to 1.3010, we would want to see how it reacts in the 1.2990-1.30 before considering a buy.- Otherwise, we could have a target of 1.3170 (under the 1/17 session high). This provides the "smaller" trade a reward to risk of 3:1, also an attractive profile.Now What?- Now that price has already breached 1.3260, we might want to anticipate some resistance as price approaches 1.33. - The 1H chart is showing a bearish divergence.- At this point, I think a bullish market should stay above 1.31, so if price slides back towards 1.3150, we can have another trade consideration with target of 1.3280, then 1.34. - The reward to risk profile for both targets are decent.