FX.co ★ GBP/AUD

Hello. Trading idea - GBPAUD. Sellers have cleared out buyers as the market passed through the Ichimoku cloud. The market rate of 2.07503 is below the Senkou Span B line at 2.09212 and Senkou Span A line at 2.08937. The area between these lines is shaded, forming the cloud. These lines act as strong resistance. There is also a dead cross - the crossing of the Tenkan-sen line at 2.07292 below the Kijun-sen line at 2.07924. The Tenkan line is below the Kijun, signaling a sell. It is very easy to determine the market situation at a glance on the chart using the Ichimoku indicator. I conclude that the outlook is strongly bearish. Selling should be considered, as the combination of both signals should lead to a good downward movement. Selling from the resistance lines is a good idea.