USDCAD
Trade ID: usdcadsell202601231420 | Execution: 227539
Status
WON
Direction
SELL
Entry Price
1.37646
Targets Hit
3 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.37646
0
Filled
Jan 23, 2026 2:24 PM
Stop Loss
1.37766
12
Not Hit
-
Take Profit 1
1.37562
8.4
HIT
2026-01-23 14:52:00
Take Profit 2
1.37466
18
HIT
2026-01-23 15:21:00
Take Profit 3
1.37346
30
HIT
2026-01-23 16:29:00
Trade Analysis
Strategy & Reasoning
Strategy
News Trade
Reason
Short USDCAD based on bearish technical confluence, confirmed smart money pattern (liquidity sweep), and fundamental USD weakness, targeting immediate downside with tight stop loss.
Details
The trade is based on a confluence of factors: Technically, all timeframes (Daily, H4, H1) show bearish alignment with price below EMAs and RSI at 30.69 indicating oversold conditions. A clear smart money pattern was identified as a liquidity sweep above 1.37650 followed by a rejection, confirming bearish momentum. Fundamentally, USD is under pressure from weekly loss narratives and bearish USD/CAD forecasts, while CAD finds support from stable oil prices. The entry is timed during the high-volatility London-NY overlap, and TP1 is achievable within 60 minutes based on the current ATR, ensuring the trade aligns with both technical and fundamental drivers.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
Bearish alignment on all timeframes (Daily, H4, H1), RSI at 30.69 (oversold), price below key EMAs, liquidity sweep rejection on 15M chart near 1.37650 resistance, and MACD showing bearish divergence on 1H.
Fundamental Sentiment
USD weakness from weekly loss narrative, bearish USD/CAD forecast under 1.38, CAD supported by stable WTI crude prices (range-bound near $60), and Michigan Consumer Sentiment (Low impact) scheduled within 60 minutes but not major enough to deter trade.
Confidence Score
85
Trade Conviction
High
Reasoning Completeness
High