AUDJPY 4H Long

A long opportunity has presented itself on the 4H timeframe of AUDJPY.

It meets all the rules for my strategy:

Trend: it is with the trend (shown by trendline and 100 EMA)

Value: it is at strong previous resistance

Trigger: Hammer formation

Risk: 1%
Reward:2.6%

Targets: Take targets at previous structure
Stops: underneath previous structure with some room to move

Anyone wishing to contact me with any Q's about my strategy can find me here: [e-mail]