USDSEK 7 Feb 2024 on the H4 timeframe, the pair is bearish after touching the price position of 10.60802 yesterday. Although now the pair is only at a price position of 10.48587, but if you refer to the stochastic indicator, it appears that this pair is in a saturated zone and also looks like it will experience a trend reversal. If the trend reversal does occur and the pair is bullish, then go-long can be an option for traders. But if the pair fails to reverse the trend and goes bearish again towards the kumo cloud on the ichimoku indicator, then go-short is an option. Keep an eye on the market movements and consider all possibilities before making a trading decision.
