CAD/JPY Analysis :
CAD/JPY was moving in a downtrend range for long time in H1 Chart.
Yesterday, Breakout has happened and now market re-tested the breakout level and starts to move up with Buyers Pressure.
After the confirmation of Upward movement CAD/JPY Buy signal is given to the members.
CAD/JPY reached Our Take Profit Target 1 Successfully. We are expecting CAD/JPY to reach Target 2 and 3 soon.
If you are interested to receive more forex signals and analysis, you can subscribe to premium or supreme service here : forexgdp.com/forex-signals
Education Notes :
Why Re-testing the Breakout Level is more important ?
After market Breakout from the range, As per our breakout strategy, If market again Re-tested 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 CAD/JPY Buy Signal.