CADCHF
Trade ID: cadchfbuy1769681853112 | Execution: 321669
Status
WON
Direction
BUY
Entry Price
0.56703
Targets Hit
1 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
0.56703
0
Filled
Jan 29, 2026 10:19 AM
Stop Loss
0.56583
12
Not Hit
-
Take Profit 1
0.56775
7.2
HIT
2026-01-29 12:48:00
Take Profit 2
0.56859
15.6
Not Hit
-
Take Profit 3
0.57003
30
Not Hit
-
Trade Analysis
Strategy & Reasoning
Strategy
Mean Reversion
Reason
Buy CADCHF at a key support level based on two reversal patterns and a buy liquidity sweep, targeting resistance levels with a stop below structure. The fundamental backdrop includes BoC rate hold and uncertainty, while SNB intervention risks may weaken CHF.
Details
The trade enters long at 0.56703, a level identified as significant support in the CADCHF forecast. Technically, this is supported by the LONDON_MSS_REVERSAL and EQUAL_HL_SWEEP patterns, indicating a potential bullish reversal after a sweep of lows. The stop loss is placed at 0.56583, a structural level below support, while take profit levels target successive resistances. The 4-hour chart shows a 48% retracement level, and volatility is high. Fundamentally, the Bank of Canada held rates and highlighted trade uncertainty, while Swiss National Bank intervention rhetoric for EURCHF suggests potential CHF weakness, creating a favorable asymmetry for a CAD recovery against the CHF.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
LONDON_MSS_REVERSAL and EQUAL_HL_SWEEP patterns, buy liquidity sweep, stop loss at structural support, H4 48% level
Fundamental Sentiment
CAD testing significant support, BoC on hold with uncertainty, SNB intervention risks for CHF
Confidence Score
85
Trade Conviction
High
Reasoning Completeness
Medium