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.