by Michael Bridgman | Mar 3, 2022 | Forex Tips
The GBPUSD oscillated in a tight range during the first half of the U.K. session. As it moved lower to its Asian session low early in the U.S. session overlap, an entry was taken risking 15 pips for a potential 107 pips to our daily target at 1.3270. Price moved lower...
by Michael Bridgman | Feb 25, 2022 | Forex Tips
Volatility continues as the markets attempt to decipher the impact of the Ukraine invasion by Russia, the waning infection numbers from the Covid 19 virus and the imminent rate hikes due to begin in March. Trading has been tricky since the corona virus first surfaced...
by Michael Bridgman | Feb 7, 2022 | Forex Tips
A quiet Monday with little economic news to drive price. The USDCAD made a brief move higher as North American traders began their day. Price then reversed lower following a bearish engulfing candle. A short was taken risking 14 pips for a potential 40 pips to our...
by Michael Bridgman | Jan 31, 2022 | Forex Tips
After the U.S. traders got underway today, the USDCAD made a lower high which was followed by a double top and reversal pattern… closing beneath 1.2750. A short was taken risking 19 pips for a potential 78 pips to our daily target at 1.2670. Price moved lower going...
by Michael Bridgman | Jan 21, 2022 | Forex Tips
Canada’s economic releases today came in below expectation. As the equity markets continued lower this week, the markets were in “risk off” sentiment… which tends to move flows to the JPY. A short in the CADJPY was taken risking 10 pips for a potential 22 pips...
