+1399 Points Profit Reached Successfully in NZD/JPY Buy Signal

Reason for Buying NZD/JPY:

Market forms a Double Top pattern on the Daily Chart and starts to move down.

nzdjpy double top chart trading pattern

After forming Double top pattern, NZD/JPY went down around +800 pips (+8000 points).

In H4 Chart, market Breakout the downtrend line and starts to move up.

Our Analyst team wait for the market to Re-test the Breakout level for 2nd time before moving up again.

reversal confirm after breakout at down trend line

As per our analysis, market retested the breakout level and then starts to move up.

This gives the confirmation for Buy signal in NZD/JPY.

Finally market reached our Profit Target Successfully.

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Forexgdp Team.