USDCAD
Trade ID: usdcadsell1771350334010 | Execution: 712933
Status
WON
Direction
SELL
Entry Price
1.36584
Targets Hit
2 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
1.36584
0
Filled
Feb 17, 2026 5:46 PM
Stop Loss
1.36724
14
Not Hit
-
Take Profit 1
1.36486
9.8
HIT
2026-02-17 17:57:00
Take Profit 2
1.36402
18.2
HIT
2026-02-17 18:33:00
Take Profit 3
1.36234
35
Not Hit
-
Trade Analysis
Strategy & Reasoning
Strategy
Gap Fill Reversal
Reason
The trade targets a gap‑fill and equal high‑low sweep on the 4‑hour chart that signals a short move, supported by high volume and a structure‑based stop, while macro data shows the dollar losing momentum
Details
Technical analysis shows a recent equal high‑low sweep and a price gap that is now being filled, with the 4‑hour timeframe giving a 92% bullish‑to‑bearish alignment and high volume confirming the move, prompting a sell entry at 1.36584 and a tight structure stop at 1.36724. Fundamentally, US inflation data has eased, raising expectations of Fed rate cuts and weakening the greenback, while the Canadian dollar faces limited downside pressure as oil prices remain stable, creating a slight bearish bias for USDCAD. The combination of the gap‑fill technical setup and the weakening USD fundamentals justifies the short position with tiered profit targets.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
H4 alignment 92% with equal high‑low sweep, gap‑fill pattern, high volume and structure‑based stop loss
Fundamental Sentiment
Weakening US dollar from lower CPI and rate‑cut expectations, neutral Canadian outlook, overall slight bearish bias on USDCAD
Confidence Score
78
Trade Conviction
Medium
Reasoning Completeness
Medium