A Possible MM Sell Model on AUDNZD

FX:AUDNZD   Dolar Australia/Dolar New Zealand
I believe the AUDNZD             pair is forming a Market Maker Sell Model, and am expecting the Aussie dollar's retracement to continue towards the stops that will have been placed in key retail short entry areas. I am looking to go long on the pair on the weekly low next week with a stop just below the 1.091 support.

After this retracement, which will possibly move as far as the 15M order block just above the 1.12970 resistance line & the 79 fib retracement at 1.12773, I will be shorting the pair, as I'm expecting it to form a swing high and begin a prolonged move back down to clear the stops below the 'double bottom' that formed last week, and move back towards the 1.00188 support line over the coming months.

The risk-reward on this larger potential short move would be hugely favourable if the market structure is not broken to the upside.

If this current retracement does NOT respect the order block above the 79 fib and even manages to break above the 1.13779 line, the uptrend will have resumed, and this idea will be invalid.

I apologise for the messiness of the chart - the text boxes weren't working for me for some reason. The multitude of lines are all key daily and 4h support and resistance lines to be aware of.
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar