Thursday, June 30, 2022

+627 Points Profit Reached Successfully in CHF/JPY Buy Signal
2 mins well spent

Reason for Buying CHF/JPY : 

CHF/JPY was moving in downtrend between the ranges in H4 Chart.

Finally market broken the top level of the range.

After breakout, market re-tested the previous breakout level and starts to bounce up with Buyers pressure,

As per our Breakout and Re-testing strategy, we wait for the confirmation of upward movement.

After the confirmation of upward movement, CHF/JPY Buy Signal is given to the members.

chfjpy hits target with +627 points profit

CHF/JPY 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. This is what happened in this CHF/JPY Buy trade.

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