Financial Spread Betting - 15 minute chart GBPUSD

Below is a 15 minute chat for the GBPUSD currency pairing. I placed a buy order to be triggered when the price broke through the resistance level (green line) at 1.5070. You will notice that both moving averages are also pointing upwards. I like the 13 and the 23 for this currency pairing ...as they seem to fit best.

My trade exit (sell) was at 1.5145 when the price broke back through the 13 MA giving me a 75 pip profit.

1.5145 - 1.5070 = 75 pip profit

If you would like to learn how to place trades exactly like these click here.