NZDJPY Long - 22 Feb 2017

Background:
- Bullish hammer at horizontal support @ 81.00 area within a rectangular consolidation in a uptrend.

Entry:
- Buy stop at 81.65 above the bullish hammer on 23 Feb 2017.
(Entry triggered on 22 Feb 2017 and stopped out on 24 Feb 2017 by the bearish marobozu

SL:
- 20 pips below the signal candle @ 80.64

PT:
- Set at the rectangular resistance @ 83.5

Trade geschlossen: Stop wurde erreicht:

Updates - 25 Feb 2017:
- Trade stopped out by the 24 Feb 2017 bearish marobozu

Lesson learned:
- To use the Expo and simple filtration method could avoid this trade.