SELL USDCAD – 1.36709

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USDCAD

Trade ID: usdcadsell1770085362430 | Execution: 422840
Status
WON
Direction
SELL
Entry Price
1.36709
Targets Hit
2 / 3

Trade Levels

Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.36709
0
Filled
Feb 3, 2026 2:23 AM
Stop Loss
1.36849
14
HIT
2026-02-03 09:57:00
Take Profit 1
1.36625
8.4
HIT
2026-02-03 03:35:00
Take Profit 2
1.36527
18.2
HIT
2026-02-03 07:43:00
Take Profit 3
1.36359
35
Not Hit
-

Trade Analysis

Strategy & Reasoning
Strategy
Breakout
Reason
Bearish USDCAD setup triggered by liquidity sweep and gap fill patterns within larger downtrend, supported by USD strength from Fed chair nomination and risk aversion sentiment
Details

This SELL trade combines strong technical confluence on H4 and MTF bearish momentum with fundamental USD strength drivers. Technically, the sweep of equal highs at 1.36709 suggests exhaustion of bullish liquidity before reversal, while gap fill patterns indicate bearish continuation. The A+ Grade entry at key resistance with SL placed beyond structure provides favorable R/R. Fundamentally, Trumps nomination of hawkish Kevin Warsh for Fed chair boosts USD attractiveness, while crashing gold/silver prices signal broad risk aversion benefiting the dollar. Though OBV divergence introduces caution, the overriding bearish technical structure and macro USD momentum justify high conviction. CAD faces additional pressure from Indonesias emerging market turmoil and global commodity weakness, reinforcing USDCAD downside potential through TP targets at key support levels.

Confluence Metrics

Technical & Fundamental Analysis Scores
Technical Confluence
Multi-timeframe bearish, Equal High sweep, Gap Fill pattern, OBV conflict against entry
Fundamental Sentiment
Broad USD strength (Fed Warsh nomination hawkish, risk-off gold/silver crash, weak commodity FX)
Confidence Score
100
Trade Conviction
High
Reasoning Completeness
High
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