+707 Points Profit Reached Successfully in EUR/USD Buy Signal

Reason for Buying EUR/USD : 

EUR/USD was moving in downtrend for long time by forming Lower Highs and Lower Lows.

Finally, breakout happened at the top level of the range.

After breakout, EUR/USD re-tested the previous breakout level for 2 times

We wait for the confirmation of Upward movement and EUR/USD Buy signal is given to the members before sometime.

EUR/USD 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 EUR/USD Buy trade.

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Regards,
Forexgdp Team.

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