CAD/JPY: Bullish Bias, Waiting DiscountCAD/JPYOANDA:CADJPYJuicemannnThe higher-time-frame outlook remains bullish. Price continues to print higher highs and higher lows while taking external liquidity and mitigating key higher-time-frame points of interest. The overall bullish mapping from previous weeks remains intact, with no structural invalidation. On the intermediate time frame, price has engineered liquidity by taking several internal liquidity legs while maintaining the overall bullish structure. My current focus is on the next lower-time-frame liquidity event. I’m waiting for the current internal liquidity to be swept before looking for bullish continuation. If price respects the lower-time-frame order blocks beneath that inducement, I’ll begin monitoring for lower-time-frame confirmation. If those areas fail to hold, I’ll expect a deeper retracement into the 50% equilibrium or the extreme discount area, where multiple order-flow points of interest sit beneath the engineered liquidity. The purple levels highlight higher-time-frame structural references and provide additional confluence. They help keep the broader market context in focus while tracking where significant liquidity is positioned. Every major structural level represents potential liquidity, making these areas important to monitor as price develops. For now, patience remains the priority. I’ll continue tracking price as it approaches my areas of interest and wait for confirmation before considering execution. Let’s see what the market delivers this week.