Well, now I am practicing my trade selection. CAD/JPY is showing the Price Action that I looked for, but now measuring the R:R for this Basic PASR trade I see that in order to only get 2:1 R:R, my TP would need to go beyond the S/R level. The probability of that happening is much lower than sticking to S/R level. That is why I will not take this trade and not risk my hard earned money on low probability and low-reward trade.
3