Reason for Buying AUD/JPY :
AUD/JPY was moving up and down between the selected ranges for a long time in H1 Chart.
Finally market broken the top level.
After breakout, AUD/JPY Re-tested the previous breakout level and starts to move up more.
After the confirmation of Upward movement, the Buy signal was given by our Analyst team.
AUD/JPY reached our profit Target Successfully.
Education Notes :
Why Re-testing the Breakout Level is more important ?
After Market Breakout from the 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. That’s the reason, we have given Buy signal on AUD/JPY after more confirmations of Upward movement.
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