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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