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kakaria.smit
Mar 8, 2022 6:20 AM

EURAUD beautiful Hammer  Long

Euro Fx/Australian DollarFXCM

Description

It has a formed a beautiful hammer with a very long wick and there's a follow through today with another green candle.

Can go long here.

I've marked 2 stop loss.

Text book definition requires you to put stop loss below the wick of the hammer but that's a very big SL (350 pips).

Can put a SL below today's low and continue with the trade.

Target has been marked with a green rectangle at the top.

Let me know your views in the comments.

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