USD/JPY Trading Plan - Pat Morita Patience

Very simply waiting on trend line 4th points to initiate long position as we hang around the 120 mark.

I got ripped up in Sep's volatility but benefitted from 4th point bearish trend line short that set up the head and shoulders pattern last week. Waiting on next dip to set up long.

Kommentar:

Rallied above 121.4 so looking for drop back down below 121 to tee up a long on a 4th point of the bullish trend line
(or above 123 to get short)

Kommentar:

Ended up getting short instead. Refer to PAT MORITA PATIENCE 2 (below)