Financial Spread Trading - 5 minute chart GBPUSD

I always use a chart when financial spread trading. Below is a 5 minute chart of the GBPUSD pairing. On the days I decide to day trade I tend to use either a 5 minute or a 15 minute chart. I entered the trade at 1.6198 on the break of the resistance (red line). The 13 and 23 period moving average were both pointing upwards.My exit point was 1.6248 when the price breached the 13 period MA giving me a 50 pip profit.

1.6248 - 1.6198 = 50 pips profit 

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