Reason for Buying NZD/CHF :
NZD/CHF was moving up and down between the ranges in H4 chart.
Our analyst team wait for the breakout from this ranges.
Finally market broken the top level of the range and re-tested previous breakout level.
After the confirmation of Upward movement, the AUD/CHF Buy Signal was given to our members.
NZD/CHF 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 NZD/CHF after more confirmations of Upward movement.
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