Let’s Cook!

You couldn’t find a better script coming out of Hollywood. As the world is mentally masturbating to an impending financial doomsday scenario the protagonists in Congress are blissfully ignorant about the fact that the damage has long been done. But perhaps we’ll manage to screw things up just a bit more. Spoiler alert – we lose either way, so why worry about it? Meanwhile we here at Evil Speculator have been doing what we always do – ignore the noise and focus on banking coin.

If you were a sub yesterday then you would have had not one but two opportunities to hitch a ride on the EUR/USD. I recommended an early entry near the lows with another later in the session. It’s been running like a hare since. My preliminary target is near the upper 100-hour BB however I may only take partial profits there and here’s why:

On the daily we may get a FO-L entry today – assuming we breach 1.357. So if the momentum continues upward then a breach of that level today would be a long signal. Which would hopefully get us out of this sideways hell we’ve been stuck in over the past few weeks. Our stop would be today’s lows at 1.3505.

Alright, I’ve got a ton of great setups this morning and I’m tired of seeing tumble weeds here in the comment section. So wean yourself off the doomsday pørn and suit up – it’s time to cook!

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Cheers,