USDJPY TGIF set up
Looking at this possible set up for London open tomorrow or New York session.
This pair reacted nicely last week and dropped back down after taking the relative equal high, this time i am looking for it to push up and seek the liquidity from the external range above last weeks high in the market open tomorrow and reverse back for a Friday close to the week.
As you can see we have taken the highs of the week and are now towards the high of last month.
From here I would look for a Friday drop before we continue higher in to next week.
Every thing will need to be correct before I enter this trade as time and price will be key during the market sessions watching for a BOS and and an entry on the smaller TF.
Keep a close eye on market structure and remember key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.