usama18172

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

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.