If this pair doesn’t keep shooting straight up, I think there is  30 to  100 pips of downside potential even if it moves up afterwards. About 100 pips lower than the current price is a middle band (20 period Moving Average) on the weekly chart

What do you think?

 

The hourly chart and 1 minute charts are shown. Once the price started ranging there was a move from the top Bollinger Band to the bottom band

 

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