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.

Any websites / brokers / applications suggested here are also provided as informational purpose only.

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Comment:

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.