GBPAUD 3 Jan 2023 on the H4 timeframe. It can be seen that the pair has been moving sideways and continues to be under the kumo cloud on the ichimoku indicator. Although the pair has tried several times to initiate bullish, it bounced back down when it touched S1. if referring to the MACD indicator, it appears that the pair is trying to be bullish again. If this pair is able to continue to strengthen until it breaks the kumo cloud, then go-long can be an option for traders. But if the pair fails and then bounces back down then go-short is an option. Keep learning many indicators before making trading decisions.
