Cad/Jpy daily

The cad/jpy daily has been in a range for a while now.  This example is to show how key levels off the daily are the best way to go hunting for trades.
I dropped down to the 4hr charts and saw this bearish engulfing bar form, unfortunately it didn't close bearish enough for my liking and could have been bigger. So I passed the trade up.
What is important though is it shows how yes we can mark our levels but the price action has to also meet our criteria. If both aren't met we have to let the trade go.
You will see the market come to your key levels quite often and no price action form but it move in the direction you expected. This is just part of trading and feeling like you missed an opportunity is wrong because you have stuck to your rules and if they are not met, we have to step aside. Discipline is the key guys.
So here's the daily chart to show the importance of the level

And here is the 4hr chart with the same level as the daily