CAD/JPY Preparing for a Buy Trade!!

Updated
CAD/JPY rejected the trendline and support levels (indicated in chart). It is currently in a corrective wave/pattern. It looks like we are currently in wave 2, expecting to see Wave 3 begin soon.
Trade active
Buy Trade Open. Correction structure breakout. 1% risk.
Trade closed: stop reached
Fakeout
Note
Not a fakeout, it was a trendline retest.
Chart PatternsTrend AnalysisWave Analysis

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