Reason for Buying NZD/JPY :
NZD/JPY was moving in an Uptrend by forming Higher Highs and Higher Lows in H1 Chart.
NZD/JPY Broken the top level of the range.
After breakout, market re-tested previous breakout level and starts to reverse with buyers pressure.
NZD/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 again 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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