Financial Spread Trading - 15 minute chart GBPUSD

Below is a 15 minute chart of the GBPUSD pairing. Sometimes I prefer this slightly longer time frame when the price action is particularly 'choppy'.

With both the 13 (red) and 23 (blue) period MA pointing upwards I entered a buy trade at 1.6160 on the break of the line of resistance (straight red line). My exit point was at 1.6210 when the price pushed through the 13 MA resulting in a 50 pip profit.

1.6210 - 1.6160 = 50 pips profit

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