+752 Points Profit Reached in NZD/USD Buy Signal

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.



Trade with care.



Thank you.
Forexgdp Team.

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