SELL USDCAD – 1.3483

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USDCAD

Trade ID: usdcadsell1769729560222 | Execution: 331937
Status
LOST
Direction
SELL
Entry Price
1.3483
Targets Hit
0 / 3

Trade Levels

Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.3483
0
Filled
Jan 29, 2026 11:33 PM
Stop Loss
1.35054
22.4
HIT
2026-01-30 00:40:00
Take Profit 1
1.34695
13.5
Not Hit
-
Take Profit 2
1.34539
29.1
Not Hit
-
Take Profit 3
1.3427
56
Not Hit
-

Trade Analysis

Strategy & Reasoning
Strategy
Breakout Reversal
Reason
Sell USDCAD due to bearish technical patterns including false breakout and sweep, reinforced by multi-timeframe bearish alignment and high volatility. Fundamental backdrop of USD political pressure and rising oil prices provides CAD support, suggesting a continuation of the breakdown below 2025 lows.
Details

The trade capitalizes on a clear technical breakdown with confluence: the Asian false break and equal high/low sweep patterns indicate failed bullish attempts and trap liquidation. Multi-timeframe analysis is bearish (MTF: BEARISH, H4 down 1%), and entry is graded very good (79). High volatility supports directional moves. Fundamentally, the USD is broadly heavy amid Trump's renewed attacks on the Fed, while WTI oil's 5% surge to $66 directly supports the commodity-linked CAD. Although BoC's Macklem cited uncertainty and OBV shows a conflict, the dominant themes of USD weakness and commodity strength, coupled with the break below key 2025 lows, validate the bearish structure. The stop loss is placed above the recent structural high, managing risk against a false breakdown.

Confluence Metrics

Technical & Fundamental Analysis Scores
Technical Confluence
Bearish MTF alignment, H4 -1%, Asian False Break, Equal HL Sweep, high volatility, OBV conflict, SL at structure
Fundamental Sentiment
USD weakness from Trump Fed attacks, oil surge supporting CAD, BoC caution but commodity tailwinds, mixed US factory data
Confidence Score
79
Trade Conviction
High
Reasoning Completeness
High
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