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:
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:
Update: I filled some longs at 102.80/85
itaskar ForexWeeklyAnalysis
iam in with you, looks like descending broadening wedge, target first valley, so quite similar to your target.
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).
ForexWeeklyAnalysis ForexWeeklyAnalysis
I forgot to update this pair, I have 50% filled with an average price of 102.735
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)
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.
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
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.
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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