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CAD/CHF - Daily Bullish Engulfing Candle

FX:CADCHF   Canadian Dollar/Swiss Franc
50 0 2
Bullish engulfing candle from 61.8% Fibonacci. Above Monthly Support , Weekly Resistance above , if break and hold at level or above it , I will look for nice place to put my stop loss first and then I will aim first at Daily resistance and then Fibo extension numbers.

However , price can be rejected strongly by weekly resistance and we can see further selloff to Monthly Support or lower. Depends on many things. Always wait patiently for market to tell you when to trade and where. Do not rush , risk small and be consistent.
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