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Thursday, May 19, 2022

+706 Points Reached Successfully in USD/JPY Buy Signal
1 mins well spent

Reason for Buying USD/JPY : 

USD/JPY moving down in a range for a long time in H1 chart.

After breakout happens at the top level, we expect a Re-test of the previous breakout level for picking up the Good Opportunity trade.

Breakout and retest strategy on forex market

Yesterday, due to the Effect of Fed interest rate decision, the USD/JPY falls down to the previous breakout level for re-testing.

After the confirmation of reversal from the Re-testing level, the Buy signal is given to our members.

This is the reason for Buying USD/JPY.

Finally, market reached our profit target successfully.

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