Reason for Buying USD/JPY :
USD/JPY was moving in an uptrend by forming Higher Highs and Higher Lows in H1 Chart.
Suddenly, market breakout the top level of the range with Buyers pressure.
After breakout, we wait for the confirmation of upward movement.
Finally, as per our Breakout Strategy, market re-test the previous breakout level and starts to move up.
After the confirmation of upward movement, USD/JPY Buy Signal was given to the members.
USD/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 USD/JPY Buy trade.
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