27 September 2023 - About to buy CADJPY
I was waiting for a false break trap to initiate buys on CADJPY but it did not come in and started breaking out of the M15 range without it.
However, there was a trap in the CAD group and the JPY group, albeit at different times.
I think this validates the trade and uncovers a key learning:
To be open for trap initiation on the component pairs, not just the trading pair. Differences in timing of the traps can lead to an apparent absence of a trap in the trading pair.
However, there was a trap in the CAD group and the JPY group, albeit at different times.
I think this validates the trade and uncovers a key learning:
To be open for trap initiation on the component pairs, not just the trading pair. Differences in timing of the traps can lead to an apparent absence of a trap in the trading pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.