The USDJPY is coming close to a double bottom on the daily chart. For that reason we are not interested in shorting it. We would like to see what price does down at that level. If that level holds we will be buyers and if price closes below the low of the double bottom on a 60 minute chart then we will be looking for a sell. There are two other trade setups that we are looking to develop. Please take a few minutes to watch the video presentation of what trade setups we are looking for.
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