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USDSEK 2 Nov 2023

USDSEK 2 Nov 2023 on the H4 timeframe. After being bearish in the previous session, the pair is trying to initiate a bullish trend when it hits R1. Being above the kumo cloud on ichimoku makes the kumo cloud a support to be able to reverse the trend, now the pair is at a price position of 11.13946. If this pair is able to continue the bullish trend then go-long can be an option for traders. However, if this pair is unsuccessful, and then again experiences a bearish trend down to break the R1 and kumo cloud, then go-short is an option. Keep an eye on market movements and learn many indicators before making trading decisions.

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