CADCHF first maybe longer term trade to take ?

CADCHF thinking with oil going to get stronger that should push CAD up in the coming weeks, also with OPEC saying there going to cut/limit supply that should also help with the whole supply Vs demand going in CAD's favour. I will be looking for entry's in the next day or two on a slight pull back , I will be using small lot size and maybe 50 pip + stop loss for a minimum 200 return as a first target as this is a long term trade as the world recovers from covid 19