by Michael Bridgman | Aug 22, 2019 | Forex Tips
The EURUSD moved quickly higher as the U.K session got underway and vertical moves are not sustainable. As the sellers entered above yesterday’s high and price made two red candles, a short was taken risking 12 pips for a potential 33 pips to our daily target at...
by Michael Bridgman | Aug 15, 2019 | Forex Tips
Germany’s economy is contracting and a bearish sentiment prevails for the E.U.’s largest economy. Despite all the volatility in U.S. stock markets on Wednesday, the USD index managed to move upward and continued higher today. After a slew of economic news...
by Michael Bridgman | Aug 14, 2019 | Forex Tips
The AUDUSD continues to move lower and after retesting its Asian session low and failing to stay above it, a short was taken, risking 13 pips for a potential 30 pips to our daily target at .6738. I prefer a 3:1 reward to risk early in the U.K. session but 30 pips is...
by Michael Bridgman | Aug 6, 2019 | Forex Tips
My preference will continue to be to short the GBPUSD on days of USD strength coupled with nothing favourable coming out of the U.K. – Brexit-wise. It wasn’t that long ago that this pair could find some contrarians (buyers) on dips below 1.2500. Now 1.2000 is...
by Michael Bridgman | Jul 28, 2019 | Forex Tips
Britain now has Prime Minister Boris Johnson leading the Brexit challenge and hoping to accomplish what Teresa May was unable to complete. The uncertainty as to how the divorce from the E.U. will be accomplished by October 31st will likely continue to weigh on...
