GBP/USD ‘Resistance Broken’ Setup +53 Pips

GBP/USD

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

GBPUSD

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.

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