Reason for Buying NZD/CHF :
NZD/CHF was moving up and down between the ranges in H4 chart.
Our analyst team wait for the breakout from this ranges.
Finally market broken the top level of the range and re-tested previous breakout level.
After the confirmation of Upward movement, the AUD/CHF Buy Signal was given to our members.
NZD/CHF 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. That’s the reason, we have given Buy signal on NZD/CHF after more confirmations of Upward movement.
Start to Learn, Trade Forex market in technical ways with the help of Forex Experts team.
Please Don’t Trade forex market all the time, trade forex only at good opportunities available in the market.
Trade with care.
Save your time on analyzing the market and take your trades only at good opportunities available in the market.
If you want to receive forex trading signals at best trade setup with chart analysis, subscribe now to our forex signals.