I trailed my stop loss behind the 13 MA and was stopped out at 1.5054 when the price broke back above the 13 MA.
1.5149 - 1.5054 = 95 pip profit
If you would like to learn how to profit from placing trades like this click here
Financial Spread Trading - 15 minute chart GBPUSD
This is a 15 minute chart of the GBPUSD pairing. You will see a clear level of support (horizontal blue line). A sell trade was ordered at 1.5149 when this level of support was broken You will also notice that the 13 moving average (red line) and 23 MA (blue were pointing downwards. A stop loss was placed over the 13 MA at 1.5171.
I trailed my stop loss behind the 13 MA and was stopped out at 1.5054 when the price broke back above the 13 MA.
1.5149 - 1.5054 = 95 pip profit
If you would like to learn how to profit from placing trades like this click here
I trailed my stop loss behind the 13 MA and was stopped out at 1.5054 when the price broke back above the 13 MA.
1.5149 - 1.5054 = 95 pip profit
If you would like to learn how to profit from placing trades like this click here