However my bias still remain for this pair.
I expect the price makes a temporary pullback since it crosses with trendline drawn from 2015.
With divergence identified at H8 TF, I expect it will break the trendline after forming the in the triangle.
This is a short term idea.
All the best.
Big players create the double bottom to disillusion retail traders by building up liquidity beneath the two bottoms and when the time has come, they knocked them all.
How to overcome this;
1. Risk management is always important
2. Follow rule no.1
3. Try to look for pair that negatively correlates USDCAD and in this case; all Yen based pairs have been predicted for that where there is significant jump; ie NZDJPY who is approaching her monthly high.
3. Always have both biases when making a judgement; weigh based on currency strength analysis.
So yes, lesson learnt.