- Entry - In the supply zone
- Target - 1.45680
- Invalidation - 1.48820
- Risk to reward ratio - 8
Technical confirmations - Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave.
Technical confirmations - Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July.
- Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.
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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.