Reason for Buying AUD/JPY :
1. AUD/JPY was moving between the range levels in H1 Chart.
2. Breakout happened at the top level of the range.
3. Market Re-tested previous breakout level and bounces back as per our breakout strategy.
4. After the confirmation of Upward movement, AUD/JPY Buy Signal was given to the members.
AUD/JPY 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/JPY Buy Signal.
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