Trading Checklist
Fundamental:
Australia
- Recent GDP Report: -2.8
- Inflation Rate: +1.6
- Recent Interest Rate Change: +0.5
New Zealand
- Recent GDP Report: -3.2
- Inflation Rate: +0.4
- Recent Interest Rate Change: +0.5
Technical:
- We could be starting the c wave. The b wave has retraced the start of the a wave by 61%.
- Price is increasing while bullish has been increasing since the beginning of the a wave.
- RSI is close to being overbought.
Final Notes:
- Set stop loss at wave 5 top to see if the wave is invalid and will reassess if hit.
- Set three target
o 76% (Risk reward ratio:0.73)
o 123% (Risk reward ratio: 1.91)
o 161% (Risk reward ratio: 2.87)
Fundamental:
Australia
- Recent GDP Report: -2.8
- Inflation Rate: +1.6
- Recent Interest Rate Change: +0.5
New Zealand
- Recent GDP Report: -3.2
- Inflation Rate: +0.4
- Recent Interest Rate Change: +0.5
Technical:
- We could be starting the c wave. The b wave has retraced the start of the a wave by 61%.
- Price is increasing while bullish has been increasing since the beginning of the a wave.
- RSI is close to being overbought.
Final Notes:
- Set stop loss at wave 5 top to see if the wave is invalid and will reassess if hit.
- Set three target
o 76% (Risk reward ratio:0.73)
o 123% (Risk reward ratio: 1.91)
o 161% (Risk reward ratio: 2.87)
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.
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.