Time To Say Goodbye…

I’m looking across my collection of charts and am not seeing much that’s inspiring. The equities side is going nowhere fast and although the RTV-Short hasn’t been stopped out it’ll be time to cut the cord by the end of today’s session:

Ivan’s Protect R rules state that we give each campaign three candles to produce 1R. If it doesn’t then we are to cut the cord at the open of the 4th (or end of the 3rd – which is preferable for a daily IMO). We do still have an inside day entry today but apparently the bears and the bulls are on summer vacation.

USD/CAD – pretty decent setup here as it’s touching its 100-day SMA and is soon testing its 25-week SMA. Reasonable support and I want to be long while the 100-day remains unchallenged. My stop will probably be below that 25-week near 1.025.

NZD/JPY pushing up nicely and it’s now breached its 100-day as well as its 25-week SMA. Solid bullish tape and I want to be long with a stop below a rising 100-day SMA. This could turn into a runner – if it corrects here then we have a daily NLSL at 79.076 where at least temporary support could materialize.

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Cheers,