CADCHF 4H: External Liquidity Taken, Rebalance in PlayCAD/CHFOANDA:CADCHFSmellyTazCADCHF is telling a pretty clear story on the 4H. The bullish leg already did its job. Price expanded aggressively from the early-March low and pushed straight into external liquidity, but that move failed to hold. Since then, the chart has shifted from expansion into rebalancing behavior. What stands out now is the bearish ABC structure developing after the liquidity sweep. The current price action looks less like fresh bullish continuation and more like a retracement into BC supply before another leg lower. My focus is simple: upside liquidity was already taken acceptance above that area failed price is now rotating inside a bearish dealing range the draw appears to be internal liquidity lower on the chart As long as price remains below the marked retracement highs, I favor a continuation toward the lower target zone. For me, this is not a chart to chase in the middle. It is a chart to let retracement finish, then watch whether sellers defend premium properly. Bias first. Location second. Execution last. Not financial advice.