SHARP DECLINE PROVIDES A 2.1% RETURN ON THE CAD CHF THIS WEEK
This trade provided my DRFX Subscribers with a 40-Pip Gain on Wednesday as we took advantage of the sharp decline in the value of the Canadian Dollar against the Swiss Franc. The trade also represented a Rate of Return of 2.1% on my Live Account as we traded the move that completed the formation of the Range Consolidation on the Daily Chart. It also reflected general CAD weakness across the Forex following somewhat dovish comments by the Central Bank that implied a slower rate of increase in rates was needed due to the downward revisions to growth figures by Statistics Canada.
Check out the Video Analysis and the accurate forecast for this decline in the Charts below and then subscribe to receive Trade Setups like this every week!
VIDEO ANALYIS OF THE CAD CHF TRADE
(M.Sc. Economics, B.Sc. Management and Economics)
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