Reason for Buying NZD/JPY :
NZD/JPY is moving in an uptrend by forming Higher Highs and Higher Lows in H4 Chart.
Market broken the top level of the range, re-tested the breakout level again and starts to bounce back with more number of Buyers pressure.
After the confirmation of Upward movement, NZD/JPY Buy Signal was given to our members.
NZD/JPY reached our Profit Target Successsfully.
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. This is what happened in this NZD/JPY Buy trade.
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