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.