usdjpy 4h long
This is an interesting situation because we have a double on the top and on the bottom illustrated by the purple lines. Also we have a retrace to the projection of both doubles illustrated by the rectangles. So how do we choose which way to go? Easy, always go with momentum, even if it fails. Right now, momentum is up! We also have an area of structure supporting us where the blue line is. Every trade has a 50/50 chance but going with momentum usually puts us on the right side of things.
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