As the price was heading down to 0.91 previously support area we can see a small impolse move to the upside and a nice bullish flag making this area a strong support area . We have some fundamental news upcoming this week on 02/07/19 ( RBA statement and Cash Rate ) i would personaly wait the news to take my entry . Until the news i would watch the flag to continue forming until the 0.61 fib retracement or on lower time-frame i want to see a small impolse to the upside and enter on the correction exacly before the news come . target profits 0.95 area
Commentaire:
the price might come down again and retest the support . this is even better for a better potition on the trade for the news . do not enter yet keep and eye !
Commentaire:
we had some good news on CAD and still the price quickly droped and retraced back again , strong signs for the upside wave that we are looking for , wait for the NFP news !