by Michael Bridgman | Jul 7, 2021 | Forex Tips
Today the GBPUSD moved higher going into the U.S. open. Similarly to yesterday, it then reversed with a large bearish engulfing candle and a short was taken risking 19 pips for a potential 71 pips to our daily target at 1.3752. Price moved lower to test its...
by Michael Bridgman | Jul 6, 2021 | Forex Tips
The GBPUSD made a move lower to test its Asian session lows early in the U.K. session, then reversed upward. As the U.S. session got underway, it made its pullback high around 1.3874… followed by a large bearish engulfing candle. A short was taken risking 15...
by Michael Bridgman | Jun 30, 2021 | Forex Tips
This trade was very similar to yesterday’s trade. Price moved lower early in the U.K. session luring in breakout traders. We waited for it to pull back and move lower again before going short… risking 8 pips for a potential 31 pips to our daily target at 1.1860. Price...
by Michael Bridgman | Jun 29, 2021 | Forex Tips
Trading has been slower the past couple of weeks, as if the market is awaiting a new catalyst. The DXY is technically bullish and remains so above the 91.45 currently. My preferred pairs to trade have been the GBPUSD and the USDCAD, but I haven’t had any runs...
by Michael Bridgman | Jun 11, 2021 | Forex Tips
As the dollar strengthened today, a long was taken in the USDCAD after it pulled back into its Asian session range and bounced higher. The entry required a risk of 13 pips for a potential 34 pips to our daily target at 1.2134. With the compressed ranges of the pairs...
