GBPAUD 5 Oct 2023 on the H1 timeframe. It can be seen that this pair has experienced a bearish trend at the beginning of this month and is trying to return to strength and Bullish. Being in kumo on the ichimoku indicator, but seen on the chart this pair is experiencing a trend reversal. If referring to the stochastic indicator which has been oversold and if this pair is able to continue to rise towards R1 then go-long can be an option for traders. But on the contrary, if this pair is unable to continue the bullish trend initiation that has started and drops through S1, then go-short is an option. Keep an eye on market movements and calculating all the possibilities that exist before making trading decisions.
