Last Kiss Goodbye Candidate

I have precious little time this afternoon as I’m about to head out and meet two of my readers for drinks and dinner. They both happen to be in town and have requested my presence for some reason. I’m pretty sure I don’t owe any of them any money but will go armed to the teeth just in case.

I mentioned USD/CAD early this morning and just when I was about to strike it jumped higher. Actually that turned out to be a good thing as I’m now grabbing it on the retest. The only caveat here is that it’s knocking against a daily NLBL plus the upper 100-day SMA and we’re still below both of them. Which means I’ll only deploy 1/2R as it’s a bit of a lottery ticket.

You may have noticed that I seem to be using that word a lot lately. Which honestly bugs me as the occurrences of solid setups remain to be far and few between. I’ll strike some of that off to lousy summer tape but the recent volatility across the board has kept us locked in a sideways trading range from hell for months now. I hope we’ll see some type of resolution by fall – no matter in which direction – it’ll be better than this.

Alright I’m off – see you guys tomorrow morning.

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Cheers,