CADJPY 4H
Before taking a buy on this pair, I'd wait for a break above a heavy reaction zone and a successful back test. Target profit is hard to predict on this one as we have both a descending line as well as a horizontal zone.
You could keep a tighter stop as you get close to the descending line in case it wants to crash after hitting said descending line.
You could keep a tighter stop as you get close to the descending line in case it wants to crash after hitting said descending line.
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