$CADCHF | Buy Trade | Market Exec |
Technical Confluences:
- Price action is close to the 50% Fibo extension from the beginning of time
- Price action is bouncing off a strong Demand Zone to prevent a new all-time low
Fundamental Confluences:
- Higher interest rate environment compared to CHF will induce re-opening of carry trade positioning
- Canada being an oil commodity nation, will have the strength of oil to keep their GDP sustainable
- Even if the global economy weakens, oil will likely maintain it's pricing with OPEC and OPEC+ holding back supply
________________________________
Putting on a Long position in
CADCHF (1st Entry)
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
- Price action is close to the 50% Fibo extension from the beginning of time
- Price action is bouncing off a strong Demand Zone to prevent a new all-time low
Fundamental Confluences:
- Higher interest rate environment compared to CHF will induce re-opening of carry trade positioning
- Canada being an oil commodity nation, will have the strength of oil to keep their GDP sustainable
- Even if the global economy weakens, oil will likely maintain it's pricing with OPEC and OPEC+ holding back supply
________________________________
Putting on a Long position in
CADCHF (1st Entry)________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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