CADJPY Long Trade?

23 Nis 2023

On CAD/JPY, there is a great long opportunity. I have identified a demand zone in which the price has made a spike, effectively validating the zone in question. Following my strategy, I will open a long trade targeting the level 100 with a risk-reward ratio of 1:4.

Let me know what you think in the comments.

Have a nice trading week!