NZDCAD Is there a Long Trade?

On this exchange, we have a market that shows a price in a congestion phase. In my analysis, I have identified a very important demand zone where the price has produced two spikes, validating the zone. Within this demand zone, I have marked another one. The strategy in question involves using the latter as an entry point.

Let me know what you think in the comments.

Happy trading to everyone, bye.