CADJPY remains bullish on the higher timeframe.
Across the broader map, price continues to reflect strength and alignment.
Price has interacted with multiple high-timeframe order blocks:
• A wick mitigation into one HTF order block
• Followed by body acceptance into a different HTF order block
• Alongside a clean mitigation of the mid-term order block
Through all of these interactions, structure held.
Market structure then shifted bullish, with price printing higher highs and higher lows, confirming continuation. During this process, price also cleared mid-term internal liquidity at the highs, engineering a short-term bearish reaction rather than signaling reversal.
At this stage, I am not chasing price.
My expectation is for a retracement to:
• take out the current internal liquidity inducement
• rebalance the inefficiencies left behind
• and mitigate into the accumulation area during distribution
Once that liquidity is properly taken and buyers are reclaimed, I will focus on participating in delivery, not the correction itself.
Execution will only be considered after price shows its hand, supported by clear lower-timeframe structure confirmation.
Until then:
• Bias remains bullish
• Structure is intact
• Observation over execution
Patience is the key.
Tracking remains the edge.
Across the broader map, price continues to reflect strength and alignment.
Price has interacted with multiple high-timeframe order blocks:
• A wick mitigation into one HTF order block
• Followed by body acceptance into a different HTF order block
• Alongside a clean mitigation of the mid-term order block
Through all of these interactions, structure held.
Market structure then shifted bullish, with price printing higher highs and higher lows, confirming continuation. During this process, price also cleared mid-term internal liquidity at the highs, engineering a short-term bearish reaction rather than signaling reversal.
At this stage, I am not chasing price.
My expectation is for a retracement to:
• take out the current internal liquidity inducement
• rebalance the inefficiencies left behind
• and mitigate into the accumulation area during distribution
Once that liquidity is properly taken and buyers are reclaimed, I will focus on participating in delivery, not the correction itself.
Execution will only be considered after price shows its hand, supported by clear lower-timeframe structure confirmation.
Until then:
• Bias remains bullish
• Structure is intact
• Observation over execution
Patience is the key.
Tracking remains the edge.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.