by Michael Bridgman | Jan 14, 2021 | Forex Tips
The USDJPY made an attempt to move higher at the U.S. open but failed to challenge its Asian session high. It subsequently made a lower high with one of my favourite 3 candle reversal patterns. We entered short risking 12 pips for a potential 46 pips to our daily...
by Michael Bridgman | Jan 13, 2021 | Forex Tips
Trading has been tricky to start the year. I have noticed over the years that the narrative at the beginning of January tends to change dramatically by the end of January. The market came into January with a short USD bias and the volatility thus far suggests many...
by Michael Bridgman | Jan 5, 2021 | Forex Tips
I wish everyone a happy, healthy and prosperous new year! We begin 2021 with a bearish USD bias as the market flows continue to show USD selling. With WTI Oil testing $50 to begin the year, a level not seen since pre-pandemic, a short USDCAD position was taken...
by Michael Bridgman | Dec 9, 2020 | Forex Tips
There is still no sign of a Brexit deal. The E.U. Summit begins tomorrow along with the ECB Monetary Policy Statement and Interest Rate Decision. After moving up in the Asian session the EURUSD reversed in the European session back down to 1.2100. It briefly...
