by Michael Bridgman | Jan 24, 2020 | Forex Tips
There were lots of economic news releases today. For me, the idea was to wait for them to come and go and see which way the market was going to move as a result… but not before. The AUDUSD was meandering up and down, then broke its simple upper trendline just...
by Michael Bridgman | Jan 23, 2020 | Forex Tips
After dovish comments by ECB President Christine Lagarde the EURUSD and its crosses moved lower. The stop losses were too expensive for me, but the AUDUSD offered a short setup risking 11 pips for a potential 32 pips to our daily target at .6833. An entry was...
by Michael Bridgman | Jan 21, 2020 | Forex Tips
Some positive economic releases early in the U.K. session brought the EURUSD buyers in and as the U.S. session got underway a top formed and a short was taken risking 5 pips for a potential 38 pips to our daily target at 1.1075. The EURJPY was an alternative...
by Michael Bridgman | Jan 17, 2020 | Forex Tips
The markets are giving some mixed signals today, but the USD is stronger and the Euro is weaker. As the EURUSD began to trend lower, a short was taken early in the U.K. session risking 10 pips for a potential 31 pips to our daily target at 1.1100. With pending news...
by Michael Bridgman | Jan 16, 2020 | Forex Tips
After some positive economic news for the U.S. today, particularly the Core Retail Sales (MoM) Dec. number, the USD caught a bid tone. A short in the AUDUSD was taken risking 9 pips for a potential 28 pips to our daily target at .6896. Price moved down to test...
