Today I tried to buy CADJPY with a stop-loss order at 113.84 and a take-profit order at 114.27. CADJPY on the M15 timeframe. In the low area formed after the sharp decline, significant price rejection was observed. Several candles formed relatively long lower shadows, which caused the price to rise again.
My open buy position on CADJPY hit my take profit, earning me a profit of $1.23. On the M15 timeframe, CADJPY has formed several new demand areas and is still moving above the 200-day moving average (MA200). So, I believe it will continue to rise today, at least toward the nearest resistance area.