USD/CAD – buy stop

This buy stop didn’t work, though it was impulsive and not planned very well. (I still think the Daily chart is interesting). The two tails in the first chart that look almost like a mini “tweezers bottom” got my attention

Even though when looking back Oil was was selling off – the dollar index was consolidating, USD/CAD moved up just past where the buy order was filled, but then down past a couple 4 hr candle lows.

A rule of not placing trades when I’m preparing to leave was broken, regardless of whether the trade was profitable.

 

Charts below 

 

usdcad-h4-fx-choice-limited

USD/CAD

Daily still looks interesting

usdcad-d1-fx-choice-limited

USD/CAD

 

wticrude-h4-fx-choice-limited

Oil

 

dxy-h4-fx-choice-limited

Dollar Index

 

 

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s