Thursday, June 30, 2022

+710 Points Profit Reached Successfully in NZD/JPY Buy Signal
1 mins well spent

Reason for Buying NZD/JPY : 

NZD/JPY was moving in an Uptrend by forming Higher Highs and Higher Lows in H1 Chart.

NZD/JPY Broken the top level of the range.

After breakout, market re-tested previous breakout level and starts to reverse with buyers pressure.

+710 points reached successfully in nzd jpy

NZD/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 again 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 NZD/JPY Buy trade.

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