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CADCHF

cadchf buy long positionThe Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CHF is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which makes it sensitive to investors' outlooks on global economic growth.
Long
by Verifiedtrader07
CADCHF - 4hrs ( Buy Trade After Break Tp Range 100 : 230 PIP ) 💲Pair Name : CAD/CHF 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Long Side ( After Break ) Type : Mid Term Swing ——————————— Bullish Break 0.72850 Area Reasons - Major Turn level - Visible Range Value - Prev Day High - Inner Trend Break - Fixed Q lvn Area Bearish Reversal 0.73500 Area Reasons - Major Turn level - Visible Range Value - Fixed Range Lvn - Prev Q / low - Pattern Mid Target - AB = CD mid Target Bearish Reversal 0.75300 Area Reasons - M / Turn level - Fixed Range Q / Value - Pattern Full Target - Prev Month High
Long
by GoldenEngine