CADJPY Bollinger Band Spikes on a nice support

Hi traders,

I am in a buy after a double Bollinger Band spike on a fairly strong support level and little down trend. Market structure is also indicating that we could expect a move up, breaking the top (impulse + completion of a corrective flat). If this 4H candle also closes outside of the Bollinger Bands, then we have a clear confirmation.

Make sure to cut your losses fast if there is a lack of momentum.

(This is not a trade recommendation!)

הערה:

Trade put to break-even.