by Michael Bridgman | Feb 18, 2020 | Forex Tips
The EURUSD is trending lower. When it failed to take out its Asian session high and began to reverse lower, we entered short risking 9 pips for a potential 33 pips to our daily target at 1.0796. The trade moved lower going into the U.S. Open and we protected...
by Michael Bridgman | Feb 17, 2020 | Forex Tips
The relationship between the E.U. and Britain continues to be strained while the details of the divorce are worked out. The E.U. has cast doubt on whether this can be accomplished by year end – as desired by British P.M. Johnson. While the GBPUSD bounces above...
by Michael Bridgman | Feb 13, 2020 | Forex Tips
The EURUSD moved up briefly as the U.K. session got underway. The idea today was to wait for it to roll over and trade with the trend lower. We entered short with a stop loss of 7 pips for a potential 41 pips to our daily target at 1.0841. Speculation of...
by Michael Bridgman | Feb 6, 2020 | Forex Tips
Sellers continued to emerge around 1.3000 today in the GBPUSD. A near retest of it’s Asian session high was immediately met with selling, pushing it to its Asian session low – early in the U.K. session. After the U.S. economic releases today, price began to...
by Michael Bridgman | Feb 5, 2020 | Forex Tips
Despite the daily headlines about the coronavirus, a “risk on” sentiment prevails in the financial markets. The USDX continued to climb for a third straight day as fears about the spreading of the coronavirus outside China abate somewhat. Although shorting the...
