GBP/USD ‘Resistance Broken’ Setup +53 Pips


Setup: Resistance Broken Order: Long Market Order (1.2849) Initial Risk:Reward: 1.32


After an alert on a BROKEN RESISTANCE, I went long at 1.2849. Later closed the trade at 1.2902 (Take-profit hit). When the prices break a resistance, and there’s strength before, it means the smart money is expecting higher prices, and that’s why this setup works very well. The momentum was strong as price skyrocketed and I decided to go. Normally you should wait for that candle that fully broke the resistance hours later. It would have been less risky.

This entry was posted in Market and tagged . Bookmark the permalink.
0 0 votes
Notify of
0 评论
Inline Feedbacks
View all comments