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 closed: stop reached
⋅
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.