CADJPY | Short H4 | Market Exec |

Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 a time-frame.
- Price action is reversed off the Supply Zone
- Targeting the other Demand Zone
- Price action looks like it will retrace first before grinding up higher.

Suggested Trade:
Entry @ Area of Interest 113.70 - 114.20
SL @ 114.92
TP 1 @ 112.92 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 111.82
Risk-to-Reward @ Approx. 2.06 (Depending on Entry Level)

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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.

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Commento:

If you managed to take off half position on TP1, awesome. Risk-free trade for you as you will move stop loss level to break even levels.

If you missed it, we continue with the same trade setup.

Trade chiuso: stop raggiunto:

Closed the remaining trade at no loss. :D