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Wednesday, May 25, 2022

+587 Points Profit Reached Successfully in CAD/JPY Buy Signal
1 mins well spent

Reason for Buying CAD/JPY :

CAD/JPY trading between the ranges in H1, chart.

After Breakout happens, market went up and then came back to Re-test the Breakout level once again to Bounce back more.

As per our Breakout Strategy, market Re-tested the Breakout level and went up more, this gives the confirmation of Buy trade signal.

cadjpy breakout and retesting strategy in down trend

After the confirmation of upward movement, the Buy signal was given.

Finally market reached our Profit Target Successfully.

Why Re-testing the Breakout Level is more important ?

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.

This shows that Re-testing the Previous Breakout level is more important for catching big movements with low risk in the market.

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