After the sweep and mitigation on this order block, if lower timeframes don’t hold here, then price will naturally seek deeper liquidity. Nothing crazy — just the footprint doing what it does.
I’m simply tracking structure as it updates and staying recent with every shift. Until we get clean LTF confirmation, we let smart money lead the way.
Price action bullish. I’m chilling, not rushing. Once SSL takes place and the OB zone is mitigated on the midterm, I’ll drop to the LTF for confirmation. Let’s go.
CADJPYIdea: $CADJPY Pierced through the mo… Why not, I'd be surprised if it reaches even half way before dropping again. Pierced through the monthly trend line and currently under key volume zones.
Price is showing a bullish higher-timeframe structure. It respected the mid-term order block, mitigated it, and gave us a lower-timeframe CHoCH. From there, price took out sell-side liquidity, engineered the market, and mitigated our internal framework OBs underneath that.
I placed my entry targeting the lower-timeframe highs and mid-term highs, depending on how price delivers.
If price doesn’t hold here and hits stops, that’s okay — no panic, no noise. We simply reassess. There are two ways to approach it: 1. Aggressive: Hold the position and let it dance around the mid-term OB. This keeps it within a higher-low context, but I wouldn’t recommend this approach here. 2. Conservative: Close the trade once we see a full-bodied candle close against the order block. On higher timeframes, like the 2H, wicks can mislead, so we wait for body confirmation to validate mitigation.
The market is running on lower timeframes, so we react to the structure there. This is why confirmation is key when entering a trade.
For now, we’re aiming for the highs today. Patience is key — just track, monitor, and let smart money lead.
Price is bullish on the HTF. I’m locked in on that LTF lower-high break—once that goes, it confirms the continuation leg I’ve been tracking. From there, you already know the play: Apply buy points into the bullish leg and ride the flow until the market tells us to chill. Structure is clean, footprints are clear, and we stay aligned with the higher-timeframe engine.
CADJPY 🧭 Trade Plan: Bullish Outlook 🔹 Entry Strategy (Layering Method) This plan uses a multi-layer buy-limit approach to accumulate positions at value levels: Buy Limit 1: 110.000 Buy Limit 2: 110.500 Buy Limit 3: 111.000 (Traders may add additional layers based on individual strategy and risk comfort.)
🔹 Stop Loss Suggested SL: 109.500 Dear traders, this is only a reference stop level. Please adjust your stop loss according to your strategy, volatility tolerance, and personal risk management.
🔹 Target Main Target: 112.500 Price is approaching a strong moving-average resistance zone, with signs of overbought conditions and potential liquidity traps. Taking profits around this level helps secure gains before momentum fades.
Again, your take-profit is your choice—manage based on your profile, not just this plan.
📈 Technical Insight Moving averages remain angled upward, confirming trend strength. Price has respected the demand block around 110.000–110.500. Momentum indicators signal room for a bullish continuation before the next exhaustion area.
🌐 Correlated Pairs to Watch 1. USD/JPY Strongly correlated with JPY volatility. If USD/JPY pushes upward, it often supports CAD/JPY bullish conditions.
2. CAD/CHF Reflects CAD strength. A bullish CAD/CHF environment can reinforce CAD/JPY upside structure.
3. AUD/JPY Another yen-sensitive pair. Provides clues on JPY weakness/strength across the board.
4. Oil-related influence on CAD CAD tends to strengthen when crude oil rises. Monitoring crude oil helps anticipate CAD momentum.
Nothing different here — everything’s the same. Price moves, we move with it. We follow the footprints. That’s what we do. We track.
Right now, we’re just waiting for sell-side liquidity to get swept and for price to approach the mid-term order block near current price. That’s my reactionary zone — I always react to the nearest significant price.
If price doesn’t hold there, the next area is the deeper discounted territory, where we’ll look for lower-timeframe confirmations to validate the move.
Until then, we stay patient, we follow the structure, and we let smart money lead. Keep moving, keep pushing.
CADJPY Speak My Mind — CAD / DOLL·E / JPY
