SN_Trader

AUDUSD Short with Confluence Zone *Educational Purpose*

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
So, this trade I'm using the Confluence Zone.
(The trend of the weekly TF is still in a down trend, but in the hourly it's in an uptrend.)
 - But last week, the price broke the structure to the downside (leaving the supply zone). So, this plan will play along with the smaller TF trend.
 - The price forms the rising wedge pattern.
 - I'm using the Fibonacci tool with Supply Zone
 - Confluence with Resistant
*Wait for Price action or Smaller TF Divergence for Confirmation*
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