Week 06 | AUDUSD | Short Position | H1 | 22-07-2022

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After a long bearish trend, the Australian Dollar is now in a bullish trend. It is currently at the peak of its resistance level which is Fib 1%. It is making Higher highs and higher lows so the bullish trend is confirmed. But on the resistance it is showing bearish candles which indicates that we can take a small short position of just 200 pips target.