CADJPY—Midweek Update

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CADJPY—Midweek UpdateCAD/JPYOANDA:CADJPYJuicemannn As we can see within the orange structure, price mitigated the orange auction zone. From there, price confirmed by breaking the green-zone lower high — our lower-timeframe external structure. After breaking those highs, price pulled back, took the inducement, confirmed the high, and mitigated the support area underneath. Multiple wicks showed that area being respected. From there, we got a counter-range switch, giving us bullish intent. Next, we were seeking the internal inducement to be taken. Price pulled back, mitigated the order block, and reached my buy point. Price has since broken the current higher high, supporting bullish trend continuation. We then got a deeper inducement leg, creating a strong corrective move into the current green order-block zone. From there, we saw displacement. **Now what am I waiting for?** A minor liquidity take followed by mitigation into the order-flow / order-block area for continuation longs toward those mid-term highs — the orange higher high sitting above, with the white level marking the TP area. That said, price doesn’t have to give me the perfect pullback. If it continues delivering with strong candles, I’ll simply track the new liquidity being created and look for opportunities to add as price progresses. **Pyramiding within strength.** Until then, I’m sitting on my hands. Patience is key. Tracking remains the edge. Let’s go. 🔥