USD/CAD Sell at market
USD/CAD chart
Levels
- Entry
- 1.41072 zone 1.41042 to 1.41102
- Stop loss
- 1.41526 45.4 pips from entry
- Target 1
- 1.40618 not reached
- Target 2
- 1.40164 not reached
- Target 3
- 1.39710 not reached
- Filled
- 1.41072 6 Nov, 17:01 UTC
One third of the trade closes at each target, and the stop moves to the entry after target 1.
Why this trade
This is a mechanical short on USD/CAD at market (1.41072) driven by the Larry Connors RSI(2) strategy. The rule signals a sell when the 4-hour 2-period RSI exceeds 90 while price remains below its 200-period SMA. Today, the RSI(2) reached 92.2 following a sharp 116-pip intraday rally, representing 185% of average daily volatility. The trade bets on mean reversion as price approaches the 4-hour 200 SMA at 1.41203 and R3 resistance at 1.41272. The setup is invalidated if momentum pushes past the stop at 1.41526, which is placed defensively above R3 and the 1.415 round number.
ChartPrice structure on the chart: trend, levels, volatility.
About the strategy: RSI(2) pullback
RSI strategies are the third most starred family in our Pine library (179 scripts, 4,691 stars); this is Larry Connors' RSI(2). On 4-hour bars, buy at market when RSI 2 drops under 10 while price is above its 200 SMA, and sell when RSI 2 rises above 90 below the 200 SMA. Stop 1.5 ATR, targets 1R, 2R and 3R; the rest closes when price crosses back over the 5 SMA, or after 10 bars.
Caveat: Average per trade across the 11 instruments tested (7 FX majors, gold, silver, Bitcoin, Ether), costs included. Close to break-even before costs but slightly negative after them; positive on 1 of 11 instruments. Not tested on WTI or the Nasdaq 100.
The idea, explained: The RSI indicator
Timeline
- Entry filled 1.41072
- Signal published 1.41072
- Reason added
- Confidence scored Score 48
Proof it was not edited
When this signal was published, its fixed fields were written to a record and fingerprinted with SHA-256. The fingerprint also contains the one before it, so a change anywhere breaks the chain. You can check it in your browser.
- Hash
- 8cdbb5bace5e799c3f253aa498f75bd24d92382ada842af4620fd773e2dd6035
- Previous hash
- 14f198366ca7e34df72f6a712276fcc758c3550dd1b7998f5f0942376b9b561a
Show the signed record
{"v":2,"symbol":"USDCAD","side":"sell","order_type":"market","timeframe":"4h","strategy":"pop_rsi2_4h","source":"data","oco_group":null,"entry":"1.41072","zone_lo":"1.41042","zone_hi":"1.41102","sl":"1.41526","tp1":"1.40618","tp2":"1.40164","tp3":"1.39710","created_at":"2026-11-06T17:01:02Z","expires_at":"2026-11-06T17:16:02Z","max_close_at":"2026-11-09T01:16:02Z","risk":"high","prev_hash":"14f198366ca7e34df72f6a712276fcc758c3550dd1b7998f5f0942376b9b561a"}
Risk High Risk
- Track record: flagged
Its rule was not profitable after costs in every period we tested.
- Type of trading: passed
Swing trade, not a scalping or news trade.
- News: passed
No high-impact release was due while the order waits or in its first 4 hours.
- Costs: passed
The spread is a small share of the stop distance (under 10%).
High Risk means at least one check flagged this trade. Size it smaller, or skip it if you only follow Cautious signals. The tag was set when the signal was published and is part of its signed record.
Copy the prices
Place it yourself in your own platform. This is a practice signal, not advice. How to copy a signal
- SymbolUSDCAD
- OrderSELL AT MARKET
- Entry1.41072
- Stop loss1.41526
- TP11.40618
- TP21.40164
- TP31.39710
This trade is already live. A new entry now would not match the published one.
Open in your platform
This trade is already live, so there is no order to place at the published entry. You can still follow it on your chart.
- Open the chart in TradingViewTradingView has no link that fills an order. Open the chart, then add the levels with the Pine Script below.
- Paste it into TradingView’s Pine Editor and click Add to chart: the entry zone, stop and three targets appear on your own chart.
Position size
lots
Lots = amount you risk, divided by the loss if the stop is hit. Contract sizes: forex pairs 100,000 units per lot, gold 100 oz, Bitcoin and Ether 1 coin, WTI crude 1,000 barrels, US100 1 per index point. Brokers differ, so check yours and adjust the contract size. Rounded down to 0.01. Position sizing explained
Confidence
Despite the strategy's slightly negative historical edge, the stop is well-protected above R3 resistance following an extended 116-pip intraday surge.
Signals scored 40-49 have won 49% of 47 closed.
Confidence is a score from 0 to 100 given by an AI model. It is checked against how signals in the same band really ended, so treat the measured rate as the evidence, not the score. Reading a track record