by Michael Bridgman | Jul 17, 2018 | Forex Tips
Prime Minister May narrowly avoided defeat on the Customs Bill. Brexit concerns and the stability of May’s leadership are weighing heavily on the GBP. Renewed strength in the USD and a short setup in the GBPUSD enabled our entry, risking 20 pips for a potential 70...
by Michael Bridgman | Jul 11, 2018 | Forex Tips
It didn’t take long for the major world equity markets to move down, once President Trump announced a further $200 billion of trade tariffs against China. An announcement that caused a knee-jerk reaction for both the AUDUSD and NZDUSD. Trade war concerns which had...
by Michael Bridgman | Jul 9, 2018 | Forex Tips
The equity markets begin the trading week having put aside trade tariff concerns… at least for today. The major equity exchanges around the world moved higher, but for how long? The USD index was relatively flat and there was some appetite for risk as equity...
by Michael Bridgman | Jun 28, 2018 | Forex Tips
The USD was weaker today and oil traded at 3.5 year highs. After making a second lower high in the U.K. session with a reversal pattern, a short was taken on the USDCAD risking 14 pips for a potential 64 pips to our daily target. This was clearly a counter-trend trade...
by Michael Bridgman | Jun 27, 2018 | Forex Tips
The EURUSD peeked above its Asian high as the U.K. session got underway and quickly reversed with a bearish engulfing candle back to trend. A short was taken risking 20 pips for a potential 68 pips to our daily target at 1.1584. Price moved down to test its Asian...
