CadJpy- Rallies above 100 should be sold

Since the beginning of 2023, CadJpy has traded in a range between 96 and 100 (with some spikes in either direction).
I expect the pair to remain in this familiar range and, with the price rising towards resistance, traders could look to sell eventual rallies above 100.
Considering 100 pips stop loss and a target to the lower boundary of the range, a phenomenal 1:4 R: R could be achieved for a swing trade.