Reason for Buying CAD/JPY :
CAD/JPY was moving between the ranges and forms a Triangle pattern.
After the confirmation of breakout from triangle pattern, CAD/JPY Buy Signal was given to the members.
CAD/JPY reached our Profit Target Successfully.
Education Notes :
Why Re-testing the Breakout Level is more important ?
After Market Breakout from the Triangle pattern range, If market Re-test 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 trade.
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