CADJPY the idea of a short For over two weeks of closely monitoring high market purchases, it is evident that the price struggles to breach the support level. This suggests that a limit seller may be taking a short position. Considering the current price position, entering into a position now may offer favorable risk-to-reward conditions.
The strategy involves securing the position and trailing the stop-loss behind points 2 and 4. The target allocation is as follows:
25% at point 1,
25% at point 3,
50% at point 5.
This allows for a balanced approach to risk management and maximizing potential profit. Under these conditions, we can confidently move forward, effectively managing risks and capitalizing on the opportunities presented by the market.
