ForexWeeklyAnalysis
Long

Pending Long USD/JPY in 102.7X Region

FX:USDJPY   U.S. Dollar/Japanese Yen
113 10 0
Wait for price to pullback to 102.7X region for a possible long (38.2% fib level + trend line test).
Target 1: 103.7/9X region
Target 2: 105.4X region
Contingency Plan: If 102.7X region doesn't hold, then the next region to watch is 102.1X (61.8% fib level). Considering the gap between the two regions is 60 pips, you'll want to set a tight stop below 102.7X region then try again lower.

I opened a new forex account to track the performance for my analysis here on trading view, you can see my entries on USD/JPY             here: http://www.myfxbook.com/members/FXWeeklyAnalysis/forexweeklyanalysis/864999.
Looks like price is reversing ahead of my entry region, so this trade might be void at this point in time.
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Update: I filled some longs at 102.80/85
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itaskar ForexWeeklyAnalysis
iam in with you, looks like descending broadening wedge, target first valley, so quite similar to your target.
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I currently have 30% of my position filled with an average price of 102.825. I'll be adding another 30% at 102.6X and save the remaining 40% for 102. 1X (61.8 fib level).
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ForexWeeklyAnalysis ForexWeeklyAnalysis
I forgot to update this pair, I have 50% filled with an average price of 102.735
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ForexWeeklyAnalysis ForexWeeklyAnalysis
I'm getting rid of my position, it's pretty much near break even right now (+2 pips). I'm just going to focus on my primary pairs (GBP/USD, EUR/USD, USD/CHF)
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ForexWeeklyAnalysis ForexWeeklyAnalysis
Not because I'm not confident in the trade, it's probably still going to go up but I want to focus my attention on the other pairs.
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itaskar ForexWeeklyAnalysis
my stop loss is here, opened just small positions 102.87 and 102.32, yen is kryptonite for me as well :) so just small positions
snapshot
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I only had 40% of my position loaded up there, I just added another 20% at 102.80. Your SL shouldn't be touched, the mid 101.XX region should be solid support plus, as long as we make a higher low than 101.2X, this trade should be good long term as well.
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I opened a new forex account to track the performance for my analysis here on trading view, you can see my entries on USD/JPY here: http://www.myfxbook.com/members/FXWeeklyAnalysis/forexweeklyanalysis/864999.
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