Reason for Buying CHF/JPY :
CHF/JPY was moving in downtrend between the ranges in H4 Chart.
Finally market broken the top level of the range.
After breakout, market re-tested the previous breakout level and starts to bounce up with Buyers pressure,
As per our Breakout and Re-testing strategy, we wait for the confirmation of upward movement.
After the confirmation of upward movement, CHF/JPY Buy Signal is given to the members.
CHF/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 CHF/JPY Buy trade.
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