Trade No 7 - AUD/JPY

I posted this possible setup yesterday at Forex Factory and have since taken the trade.

I am long AUD/JPY @ 82.90...


The reasons for the trade were:


1. Retracement to ascending trendline

2. Retracement to support/resistance at 82.50

3. Retracement to fib levels

4.  Hammer formed (as trigger) at the area of interest