Let's look at what institutional traders are doing. CAD has a long % of 42.65 and CHF only at 10.63%. Showing institutional traders favoring CHF. Retail traders on the other hand are long on CADCHF. 96% against only 4%. Usually when retail traders are heavy on one side, big money tends to go the opposite.
Historically, this pair tends to fall during this season.
Lastly, fundamentally , GDP growth and interest rates tends to favor CAD while inflation and unemployment favor CHF
Historically, this pair tends to fall during this season.
Lastly, fundamentally , GDP growth and interest rates tends to favor CAD while inflation and unemployment favor CHF
Trade closed: target reached
Target reached giving us a nice 1:3 risk to reward.
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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.