It has been a relatively slow day through the prism of my intended trades. There was some movement, nothing great, but not much in the two crosses of interest here. Well, that shouldn’t be really surprising. After all I’m using 1H charts for these 2 set ups, so sideways movement can feel prolonged here, while, in fact, is still within expectation for the set up. For now I’ll be patient and stay with this orders.
Speaking about slow down. Historically speaking, we should expect prices to settle down after the large moves of last few weeks. This would coincide nicely with vacation season, which is augmented by ongoing Olympics. I would expect somewhat of a price consolidation on daily charts to last for the rest of the month. That is a typical summer pattern.

Mike K.