Reason for Buying NZD/USD :
NZD/USD was moving up and down between the ranges in H4 Chart.
Finally, breakout happened at the top level of the range.
After Breakout, NZD/USD Re-tested previous breakout level and bounces up with more number of Buyers Pressure.
This is the reason for Buying NZD/USD
NZD/USD 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 NZD/USD Buy trade.
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