EURCAD
Trade ID: eurcadsell1770121437089 | Execution: 432958
Status
WON
Direction
SELL
Entry Price
1.61205
Targets Hit
1 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.61205
0
Filled
Feb 3, 2026 12:24 PM
Stop Loss
1.61325
12
HIT
2026-02-03 17:05:00
Take Profit 1
1.61133
7.2
HIT
2026-02-03 12:56:00
Take Profit 2
1.61049
15.6
Not Hit
-
Take Profit 3
1.60905
30
Not Hit
-
Trade Analysis
Strategy & Reasoning
Strategy
Trend Following
Reason
Bearish technical structure with USD-driven risk-off flows favoring CAD
Details
The trade leverages bearish technical confluence including a sweep of equal highs (rejection sign) and multi-timeframe bearish alignment. Fundamentally, strong US ISM data (52.6 vs 48.3 expected) suggests USD strength, while risk-off flows (gold/silver crash, Bitcoin weakness) benefit commodity-linked CAD. USD/CAD outlook shows potential rebound to 1.3800, pressuring EUR/CAD. Neutral institutional positioning creates contrarian opportunity amid high volatility environment. Trade risks include Iran negotiation headlines and pre-NFP positioning shifts.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
Bearish MTF Alignment, Equal HL Sweep, Structure-Based SL
Fundamental Sentiment
USD Strength, Risk-Off Sentiment, Improving US Data
Confidence Score
75
Trade Conviction
High
Reasoning Completeness
High