EURCAD
Trade ID: eurcadsell1770073711707 | Execution: 419047
Status
LOST
Direction
SELL
Entry Price
1.61345
Targets Hit
0 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.61345
0
Filled
Feb 2, 2026 11:13 PM
Stop Loss
1.61465
12
HIT
2026-02-03 02:29:00
Take Profit 1
1.61273
7.2
Not Hit
-
Take Profit 2
1.61189
15.6
Not Hit
-
Take Profit 3
1.61045
30
Not Hit
-
Trade Analysis
Strategy & Reasoning
Strategy
Trend Following
Reason
Sell EURCAD on bearish momentum triggered by equal highs sweep pattern, structural resistance hold, with technical bearish confluence amplified by USD strengthening bias from Fed nomination news.
Details
The trade executes a sweep strategy targeting bearish continuation, triggered by equal highs rejection at key structural resistance (SL at 1.61465 protecting above swing high). Technical confluence includes multi-timeframe bearish alignment and volume conflict (OBV divergence signaling weakening bids). Fundamental catalysts include BoE rate hold expectations pressuring EUR crosses, while the USD-strengthening narrative (Trumps hawkish-leaning Fed nominee Warsh) benefits CAD indirectly through USD proxies. High volatility supports momentum play, precision entries and tiered TP structure leverage the bearish bias. News-driven CAD tailwinds via DXY strength coupled with EUR technical weakness complete the setup.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
Equal Highs Sweep, MTF Bearish trend, SL at key structure
Fundamental Sentiment
USD strength, BoE policy hold expectation, high volatility from news catalysts
Confidence Score
85
Trade Conviction
High
Reasoning Completeness
Medium