by Michael Bridgman | Dec 11, 2018 | Forex Tips
It’s nice to see the USD moving higher as the week began. On Monday with a very strong USD and crude oil WTI moving lower a long was taken on the USDCAD risking 22 pips for a potential 77 pips to our daily target at 1.3416. Price moved up quickly to Friday’s...
by Michael Bridgman | Dec 5, 2018 | Forex Tips
The GBPUSD is a very active pair lately with all the concerns surrounding Brexit. It is also potentially very volatile and is best traded with very tight stop losses. Having moved higher in a countertrend move early in the U.K. session and having made its topside...
by Michael Bridgman | Dec 4, 2018 | Forex Tips
I read a quote today from a trader who described the cable as having two types of days lately: ” 1. days where it falls, and 2. days where is makes gains then gives them all back later”. The political drama in Britain continues and Brexit is anything but a done...
by Michael Bridgman | Nov 30, 2018 | Forex Tips
It appears the market overreacted to Fed Powell’s comments on Wednesday and the USD is strong today as November comes to an end. All eyes are on the G20 meetings in Argentina as politicians attempt to resolve their differences with other nations. The outcome of the...
by Michael Bridgman | Nov 28, 2018 | Forex Tips
Today as the USDJPY moved down it found buyers at its Asian session low and a reversal setup gave us an entry risking 6 pips for a potential 42 pips to our daily target at 114.18. Price moved up very little in advance of the U.S. Open and we moved our stop loss up to...
