Reason for Buying CAD/JPY :
CAD/JPY was moving between the ranges in H1 Chart.
Breakout happened at the top level of the range.
After breakout, market came down again, re-tested previous breakout level and starts to move up.
After all confirmations, CAD/JPY Buy Signal was given to the 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, 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 CAD/JPY Market.
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