by Michael Bridgman | Apr 22, 2021 | Forex Tips
The GBPUSD moved lower early in the U.K. session, leaving a second lower high for the day. Buyers emerged just above yesterday’s low and the pair began a retracement higher. When it began to move down again it left a third lower high for the day. A short was taken...
by Michael Bridgman | Apr 20, 2021 | Forex Tips
There was very little economic news today and the USD tried to bounce at a technical level just above 91.00 Equity markets were moving down from their recent highs and currency flows – typical of the “risk off” environment moved to the yen. A short was taken in the...
by Michael Bridgman | Apr 15, 2021 | Forex Tips
The DXY had moved down for three straight days this week, so it was not surprising to see retracement trades set up today. After some some disappointing Canadian news and very positive U.S. economic news, a long USDCAD trade was taken risking 13 pips for a potential...
by Michael Bridgman | Apr 14, 2021 | Forex Tips
The commodity currencies were particularly strong against the USD today and with WTI up, a short was taken in the USDCAD. An earlier entry would have been ideal, but once the pair had downside momentum today, a trade was taken risking 11 pips for a potential 50...
by Michael Bridgman | Apr 8, 2021 | Forex Tips
As the U.S. session overlap got underway, the DXY continued to move lower today. With the EURUSD moving higher and the GBPUSD moving lower, it was clear a long EURGBP position would be tactical. An entry was taken risking 12 pips for a potential 41 pips to our...
