by Michael Bridgman | Oct 28, 2019 | Forex Tips
The USDJPY was fairly subdued in trading until the U.S. session got underway where we chose a long entry risking 7 pips for a potential 22 pips to our daily target at 108.98. There was a little bit of up and down as price moved toward our target, but price...
by Michael Bridgman | Oct 25, 2019 | Forex Tips
It was a tricky week to find really good and productive entries. Brexit delays, headlines and rumours made for a volatile GBP and the EUR too. Where are we now with Brexit? If there were an easy solution, Teresa May would have found it. As it turns out, Boris...
by Michael Bridgman | Oct 17, 2019 | Forex Tips
The EURUSD moved up to test its Asian session high, pulled back and closed above it, as the U.K. session got underway. A long entry was taken risking 7 pips for a potential 32 pips to our daily target at 1.1120. As price moved up, we took the risk out of the trade by...
by Michael Bridgman | Oct 16, 2019 | Forex Tips
The market is pricing in a 75% chance of a U.S. rate cut of 25bp at the end of the month. Disappointing retail sales and core retail sales today added to USD weakness. After the AUDUSD made a quadruple bottom and began to move higher, a long was taken risking 9...
by Michael Bridgman | Oct 15, 2019 | Forex Tips
Trading remains volatile as headlines can potentially cause 50 to 100 pip moves very quickly in the current market environment. Today after moving down in the first half of the U.K. session, the USDJPY found a bottom around 108.15 and began to move higher in...
