+750 Points Reached in AUD/USD Buy Signal

Reason for buying AUD/USD : 

1. AUD/USD was moving in a range in H1 Chart.

2. Breakout happened at the top of the range.

3. Re-tested previous breakout level and bounces back as per our breakout strategy.

4. After the confirmation of Upward movement, AUD/USD Buy Signal was given to the members.

AUD/USD reached our Profit Target Successfully.

Education Notes :

Why Re-testing the Breakout Level is more important ?

After market Breakout from the range, As per our breakout strategy, If market again Re-tested 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 AUD/USD Buy Signal. 

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One thought on “+750 Points Reached in AUD/USD Buy Signal

  • January 31, 2019 at 11:13 pm
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    hi great website good signals very help full forex signals for new traders.

    Reply

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