CADJPY - Long Bias after fakeout UPDATE

Hi traders

I have posted the initial idea yesterday but it took a little longer then I anticipated for the break. Anyway, it is here now. I have placed the order as discussed yesterday. Nice 1:2 - stop loss goes to entry as soon as we hit 1R profit.

Let me think in the comments below what you think!

Trade geschlossen: Ziel wurde erreicht:

Unfortunately I didn't get an entry before the pair reached my target. Running into some heavy weekly and monthly resistance. Stepping back before reconsidering.