by Michael Bridgman | Jul 25, 2019 | Forex Tips
The major event risk for the week was the ECB interest rate decision, policy statement and press conference. ECB’s Mario Draghi left interest rates unchanged, but concern about the economy of Germany and the E.U. will continue to offer opportunities to fade any...
by Michael Bridgman | Jul 23, 2019 | Forex Tips
The AUDUSD has been moving down for three days in a row. Today with USD strength, a short setup was found risking 8 pips for a potential 28 pips to our daily target at .6994. Price began to move lower early in the U.S. session, then moved through its Asian...
by Michael Bridgman | Jul 18, 2019 | Forex Tips
The USDCAD began climbing higher after the U.S. economic releases today. Both Brent and WTI oil were off more than 2%. The pair had been making a series of higher lows and a long entry was taken risking 9 pips for a potential 32 pips to our daily target at 1.3094....
by Michael Bridgman | Jul 16, 2019 | Forex Tips
As we approached the retail sales release today, the USDJPY moved up just in advance – as if the market knew the number would be favourable. Risking 12 pips for a potential 34 pips to our daily target at 108.36 we went long too. Price jumped higher, traded...
by Michael Bridgman | Jul 12, 2019 | Forex Tips
As the trading week comes to a close, the USD moved down against the majors and we liked the USDJPY setup. The pair made its high for the day early in the Asian session. It made a lower high in the first half of the U.K. session and made another lower high early in...
