Another potential setup is forming – still in the early phase, but definitely worth watching.

USD/JPY

Projected Risk-to-Reward: 1:4

I’ll take the trade if price reaches the key level.

The idea:

Sweep the invalid local high, react from a consolidation zone above, and then push down to take out the range low.

I’m actively monitoring the charts all day – more setups coming soon.

Stay sharp.

— Ho55a

Running structured setups through a The5ers account atm.

Decent firm with no BS rules. Here’s the link: