AUDCAD
Trade ID: audcadsell1770213333584 | Execution: 455742
Status
WON
Direction
SELL
Entry Price
0.95978
Targets Hit
3 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
0.95978
0
Filled
Feb 4, 2026 1:56 PM
Stop Loss
0.96098
12
Not Hit
-
Take Profit 1
0.95906
7.2
HIT
2026-02-04 14:18:00
Take Profit 2
0.95822
15.6
HIT
2026-02-04 15:02:00
Take Profit 3
0.95678
30
HIT
2026-02-04 15:58:00
Trade Analysis
Strategy & Reasoning
Strategy
Breakout
Reason
Bearish technical pattern (EQUAL_HL_SWEEP) on H4 timeframe suggesting downward momentum despite RBA rate hike, with price action respecting structure for SL placement
Details
The AUDCAD sell leverages a high-probability bearish technical setup where price failed to make higher highs (EQUAL_HL_SWEEP pattern) on the H4 chart with 85% confluence, indicating weakening bullish momentum. While the RBAs 25bps hike typically supports AUD, the trade bets on CAD strength from USD momentum (USD/CAD rising post-manufacturing PMI) and recovering oil prices. High volatility conditions favor the breakout strategy, with SL placed at technical structure (0.96098) to minimize risk. OBV conflict suggests some divergence but H4 alignment overrides near-term concerns. TP levels target previous support zones with measured moves.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
EQUAL_HL_SWEEP pattern with H4 time frame confirmation (85%) and SL at structure
Fundamental Sentiment
Bearish AUD sentiment despite RBA hike (3.85%) due to USD strength/CAD correlation with rising oil
Confidence Score
80
Trade Conviction
Medium
Reasoning Completeness
High