If there's one thing I love, it's my family and friends. If there's a second thing I love, it's seeing a hammer of support.
And that's precisely what CAD/JPY offered traders this past Friday. See the 4 hour chart below.CAD/JPY" title="CAD/JPY" width="1279" height="684">
I have a profit target at resistance near 93.50. Based on where my stop loss was and where I entered on the candle after the hammer, I was able to secure a reward/risk of 3:1 with an exit at 93.50.
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