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29th July 2009, 15:36
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190 Pips Channel at USD\JPY
190 pips Channel has appeared at the USD\JPY currency pair. IT is a very precise pattern that upon breakout will yield a massive profit of 190 pips.
It can also be defined as a Flag as the previous downtrend is very strong - meaning that short trades will be even stronger as trading signals. How To Trade -Wait for pullback to Support trendline after the breakout Traget Target for breakout is 190 pips from the price of pullback. 
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