Reason for Buying CAD/JPY :
CAD/JPY was moving in a downtrend by forming lower highs and lower lows in H4 Chart.
Finally, market broken the top level of the range and starts to move up.
After the confirmation of upward movement, CAD/JPY buy signal was given to our members.
CAD/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 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 CAD/JPY Buy trade.
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