CADJPY - Bullish Framework | Patience Before Delivery

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Price remains bullish on the higher-timeframe scale, with the mid-term and minor structure aligned within the same cycle.

We’ve seen price mitigate the mid-term order block (orange), followed by an initial expansion, leaving clear footprints of where distribution is likely to occur. Current bearish momentum is contextual, occurring as price rotates back into a higher-timeframe accumulation area, not as a trend reversal.

From this zone, I’ll be tracking internal structure and displacement for confirmation of renewed buy-side intent. Buy executions are only valid once price confirms delivery from accumulation — until then, patience is the edge.

➡️ Bias remains bullish
➡️ Focus is on tracking, not forcing entries
➡️ Execution comes after confirmation, not anticipation

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