USOUSD 1 June 2023 on H4 timeframe, looks like this commodity is experiencing a bearish trend. It is well below the kumo cloud with the tenkan-sen also below the kijun-sen. However, there was a bounce back earlier today from 67,486 and is now at 68,558. If the commodity is able to continue to rise through S1, then go-long could be an option. But if it reverses back and continues the bearish trend, then go-short is an option.
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