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 



Daily still looks interesting





Dollar Index






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