by Michael Bridgman | Jun 13, 2018 | Forex Tips
On Wednesday, well before the FOMC rate announcement, a short setup was found on the USDJPY. After the Summit in Singapore yesterday went well, the market shifted its focus back to trade tariffs. With a pending announcement from Fed chair Powell, and the USD...
by Michael Bridgman | Jun 8, 2018 | Forex Tips
As the U.S. session got underway on Thursday, the AUDUSD began to roll over and a short was taken risking 10 pips for a potential 44 pips to our daily target at .7605. The trade inched lower slowly and we exited at the U.K. close. Trade tariff implications remain the...
by Michael Bridgman | Jun 5, 2018 | Forex Tips
The EURUSD set up today for a very rewarding R:R as we were able to enter short risking 14 pips for a potential 100 pips to our daily target at 1.1604. The pair stair-stepped down after it failed to close above its multi-pivot. Protecting our profit in advance of the...
by Michael Bridgman | Jun 4, 2018 | Forex Tips
As mentioned previously, I like to look for short setups in the EURUSD and GBPUSD until the current trend changes. Today both pairs set up but the GBP short only required a 14 pip stop loss for a potential 65 pips to our daily target. It took price about 45...
by Michael Bridgman | May 31, 2018 | Forex Tips
The markets are gyrating about as uncertainty regarding Italy’s ability to form a euro-friendly government remain in question. Spain too may have a change of government pending. Uncertainty will not help the Euro. The U.S. is imposing tariffs at midnight which...
