USDCAD : Market’s Overview, 31/07/15 @20:00 GMT

Market’s Overview :

USDCAD : to the question “how high is high enough?” the answer is “as high as FED wants”. BUY only if you see one of the following Two Scenaria happen :

1. price keeps going UP so strongly that Kijun Sen slopes UPwards. It is not a bad idea to BUY here although price is moving at the Upper BBand, because we have Upper/Lower BBands turned outwards making a FUNNEL which is a Breakout pattern.

2. price makes a valid Correction closing below Tenkan Sen. WAIT for the downward move to finish and BUY as soon as price CLOSES above Tenkan Sen with Tenkan Sen going UP.

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