A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Our initial 3-Lot position taken this pair after the Sydney Open came to fruition nicely!
The Fibonacci “anchors” I had in place within our support-and-resistance Channel served their purpose well on our Hourly chart.
I do this quite regularly…as I like to “hide” and “feign” targets and exits around these areas, and not precisely on them.
I also regularly work in the markets with various Lot sizes and amounts.
With the current volatility of this pair and the Yen Crosses in general, I prefer to scale out of the position and protect gains along the way…in this case, in “thirds”.
(Click once to view the capture)
So…you may ask…was it worth the wait?
Was it worth holding to my long-term Bearish view?
Remember…despite our nice hourly bullish Channel of last week…I had to hold true to my View and follow my own criteria of ONLY selling into strength.
It was following my conviction and discipline here that resulted in a well-planned and logical position for a 673-pip gain.
I am a firm believer in allowing Price action to move in a natural state, and giving it “breathing room”.
My “built-in” Lesson here?
Try to allow your positions to follow their own natural course.
Have faith in your technical levels and the analysis that gave you those levels in the first place.
The Market gave them to you…so use them.
Confidence can often give you the little edge that you need to reach that final exit. 