CAD/JPY Analysis :
CAD/JPY was moving in a downtrend range for long time in H1 Chart.
Yesterday, Breakout has happened and now market re-tested the breakout level and starts to move up with Buyers Pressure.
After the confirmation of Upward movement CAD/JPY Buy signal is given to the members.
CAD/JPY reached the Take Profit Target Successfully.
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Education Notes :
Why Re-testing the Breakout Level is more important ?
After market Breakout from the range, As per our breakout strategy, If market again Re-tested the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level. This is what happened in this CAD/JPY Buy Signal.