+500 Points Profit Reached Successfully in NZD/USD Buy Signal

NZD/USD Analysis : 

NZD/USD has moved in a downtrend by forming Lower Highs and Lower Lows in H4 Chart.

Now, market broken the top zone of the downtrend line, Re-tested the breakout and starts to move up.

After the confirmation of upward movement, NZD/USD Buy signal is given.

Education note :

Uptrend = Higher Highs and Higher Lows

Downtrend = Lower Highs and Lower Lows

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 NZD/USD Buy Signal. 

NZD/USD reached the Take Profit Target Successfully.

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Thank you.
Regards,
Forexgdp Team.

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