Reason for Buying NZD/CAD :
NZD/CAD was moving between the ranges in H4 Chart.
Finally, market broken the top level of the range.
After breakout, NZD/CAD re-tested the previous breakout level and starts to move up.
After the confirmation of Upward movement, the NZD/CAD Buy Signal was given to our members..
NZD/CAD reached our Profit Target Successfully.
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. That’s the reason, we have given Buy signal on NZD/CHF after more confirmations of Upward movement.
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