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Tuesday, May 17, 2022

+2103 Points Profit Reached Successfully in NZD/JPY Buy Signal
1 mins well spent

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.

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

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

nzdjpy strategy analysis for buying at breakout zones

Finally market reached our Profit Target Successfully.

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