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: matthewhogantrading@yahoo.com
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: matthewhogantrading@yahoo.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.