EURCAD
Trade ID: eurcadsell202602031805 | Execution: 437872
Status
WON
Direction
SELL
Entry Price
1.61254
Targets Hit
1 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.61254
0
Filled
Feb 3, 2026 6:06 PM
Stop Loss
1.61374
12
HIT
2026-02-04 03:06:00
Take Profit 1
1.61182
7.2
HIT
2026-02-03 19:17:00
Take Profit 2
1.61098
15.6
Not Hit
-
Take Profit 3
1.60954
30
Not Hit
-
Trade Analysis
Strategy & Reasoning
Strategy
Trend Following
Reason
Bearish technical structure with high volatility and institutional neutral stance creating downside momentum on EURCAD
Details
This SELL strategy capitalizes on confirmed bearish technical confluence including equal highs sweep pattern and multi-timeframe bearish alignment, despite OBV conflict indicating some buyer caution. Fundamentals reinforce through hawkish RBA policy strengthening AUD (CAD proxy) and broader USD strength across markets, while neutral institutional positioning on CAD allows bearish EUR sentiment driven by Eurozone growth concerns and commodity volatility to dominate price action through this high-confidence trend continuation setup.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
EQUAL_HL_SWEEP pattern with multi-timeframe bearish alignment
Fundamental Sentiment
Bearish EUR sentiment from USD strength and neutral CAD positioning on commodities
Confidence Score
94
Trade Conviction
High
Reasoning Completeness
High