In the space of field theories, Conformal field theories are fixed points in the RG flow. However, a lot of literature on CFT usually talks about a QFT being the RG flow between two CFTs: one UV and the other IR. However, I do not understand what UV and IR CFTs are. Suppose there are only 2 fixed points, with characteristic lengths $R_c$ of $0$ and $\infty$, the trajectory from $R_c = \infty$ to $R_c = 0$ is a trajectory through QFTs. We have the following relationship on the trajectory,
$$ Z^{-1/2}(L)\langle \phi(x_1/L)...\phi(x_n/L) \rangle_{A'} = \langle\phi(x_1)...\phi(x_n) \rangle_A$$
where, $RG_L[A] = A'$. But I don't understand if the fixed point at $L = \infty$ would be considered UV or the other way around and why.
Clearly, there are QFTs that do not lie on this trajectory or any trajectory between 2 fixed points. In this case why do people associate CFTs with the UV and IR limits of QFTs?