This is a easy short trade on GBP/AUD Thank me later ;)
Here we have an inverse head and shoulders, a second last kiss to the broken trendline, a supply zone, AND bullish USD fundamentals. This should be an easy swing buy, with TPs at 114.800, 116, 118, and even potentially a new high for the past year, depending on data leading up to the rate hike decision and then the decision itself in March.
2 Moving Averages, MA11 and MA31, close. Safe gains, stop loss at break even. It's not every penny you could make but it is a safe way I made a few bucks last week while testing new ways to spot check another system/method I am using. $52 worth of gold movements last week wasn't too bad for a system so simple. Enter/close when the two MA's cross. If they are...