EURCAD
Trade ID: eurcadsell1770097457071 | Execution: 426832
Status
WON
Direction
SELL
Entry Price
1.6136
Targets Hit
1 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.6136
0
Filled
Feb 3, 2026 5:45 AM
Stop Loss
1.61471
11.1
HIT
2026-02-03 08:51:00
Take Profit 1
1.61294
6.6
HIT
2026-02-03 08:17:00
Take Profit 2
1.61216
14.4
Not Hit
-
Take Profit 3
1.61083
27.7
Not Hit
-
Trade Analysis
Strategy & Reasoning
Strategy
Breakout/Trend Confluence
Reason
Bearish technical confluence (FVG midline rejection + equal highs sweep) combines with USD-strengthening fundamentals (hawkish Fed expectations, risk-off flows) to target EURCAD downside
Details
Technical setup shows clear bearish structure with FVG midline rejection activating a sell sweep of equal highs. Multi-timeframe bearish alignment and high volatility support momentum. Fundamentally, USD strengthens on Trumps nomination of Kevin Warsh (perceived Fed hawk), strong ISM manufacturing (52.6), and global risk aversion (precious metals collapse, stocks falling). CAD faces pressure from crude oil tensions (Iran-US Navy) while EUR weakens alongside broader commodity liquidation and EUR/USD pullbacks. OBV conflict suggests some buying pressure but overridden by confluence of bearish drivers and structural breakdown.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
FVG_MIDLINE, EQUAL_HL_SWEEP, Bearish MTF Alignment, High Volatility
Fundamental Sentiment
USD Strength from Fed Chair Speculation, Bearish Commodities, Strong US Manufacturing Data, Risk-Off Sentiment
Confidence Score
85
Trade Conviction
High
Reasoning Completeness
High