AUD/USD LONG - Hammer/Bounce off Support/Retest

The pair broke the previous trend line where a lot of traders would have sold, the institutional banks should now push the price up as to stop out these traders. price should reach the next trend line, thats where my TP is. A hammer candle on the 4HR time frame was created and it is bouncing off of minor support. I have risked less on this trade, only 1% of account size. I have placed my SL one half the way down of the hammer wick, price shouldn't rebound to this level, if it does it'll surely be going down anyway.

TP @ 0.75725
SL @ 0.75256
R/R @ 1.51

Trade closed: target reached