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Nov 5, 2014 2:01 PM

CADCHF Finds Support Long

Canadian Dollar/Swiss FrancFXCM

Description

Today's bullish candle (still in formation at the time of this writing) follows yesterday's very bearish candle which culminated at a previously established support level. The 200 EMA is also here. As such, I think the market may be finding support here, and the bull trend may thus be ready to resume. I'm long at 8404, with my stop at 8374 and my target profit at 8604.

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