Buy above 0.7544 Stop loss at 0.7521. Take profit at 0.7592. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7544 (61.8% & 100%Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7592 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
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