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Due to an unexpected surgery at the end of April, and the required recovery time, I won’t be trading, posting, or teaching until June.

by Michael Bridgman | Apr 7, 2021 | Forex Tips

Long the EURUSD as trading resumed for us after an extended Easter long weekend

Long the EURUSD as trading resumed for us after an extended Easter long weekend

by Michael Bridgman | Apr 6, 2021 | Forex Tips

A nice start to the trading week. There were several nice trade setups today to take advantage of with a weaker USD.   A long was taken early in the U.S. session overlap risking 15 pips for a potential 38 pips to our daily target at 1.1855. The trade had momentum...
Long the GBPUSD with the DXY decline in advance of Friday’s NFP number

Long the GBPUSD with the DXY decline in advance of Friday’s NFP number

by Michael Bridgman | Apr 1, 2021 | Forex Tips

As we start the new month the USD is moving lower in advance of Friday’s NFP number.   A GBPUSD long was taken risking 15 pips for a potential 47 pips to our daily target at 1.3829. Price found a bottom early in the U.S. session overlap then began to move higher....
Long the GBPUSD as the USD pulls back today to end the quarter

Long the GBPUSD as the USD pulls back today to end the quarter

by Michael Bridgman | Mar 31, 2021 | Forex Tips

The GBPUSD moved lower going into the U.S. session overlap. As the pair began to move higher, coupled with a weaker USD today, a long was taken risking 10 pips for a potential 24 pips to our daily target at 1.3797. The first candle after our entry produced a long...
USD strength continued and oil moved a bit lower with the Suez Canal opening up again

USD strength continued and oil moved a bit lower with the Suez Canal opening up again

by Michael Bridgman | Mar 30, 2021 | Forex Tips

The USDCAD in the early U.K. session found a bottom at its Asian session lows. It subsequently broke above its Asian session high for a second time. A long was taken risking 9 pips for a potential 42 pips to our daily target at 1.2647. Price moved higher with a small...
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