by Michael Bridgman | Nov 12, 2020 | Forex Tips
As mentioned last week, I expect President Trump to go down fighting with about 10 weeks left in his term. The news of a coronavirus vaccine this week from 3 different companies is giving traders optimism that our economies will move back toward recovery. As...
by Michael Bridgman | Nov 5, 2020 | Forex Tips
It’s been a busy week with the U.S. election result foremost on most traders’ minds. We will have to wait awhile longer before we know the outcome. The markets are active again but the setups are not ideal to my eyes. Today in the “risk on” environment and...
by Michael Bridgman | Oct 30, 2020 | Forex Tips
Today’s trading turned out to be more subdued than I had expected. Today is month end and the Friday before the U.S. election. The USD had a good week while U.S. equities dropped. A EURUSD short was taken today as priced failed to stay above its Asian session...
by Michael Bridgman | Oct 29, 2020 | Forex Tips
It’s been an interesting and active week for the financial markets as we get closer to the U.S. election. I haven’t been comfortable taking any trades this week until today. Patience is often rewarded in trading and impulsive and undisciplined trading is...
by Michael Bridgman | Oct 23, 2020 | Forex Tips
The AUDUSD rose early in the U.K. session before making a lower high early in the U.S. session, accompanied by a three candle reversal pattern. A short was taken risking 11 pips for a potential 43 pips to our daily target at .7101. Price moved lower to the a...
