by Michael Bridgman | May 3, 2018 | Forex Tips
On Wednesday, the EURUSD moved up to begin the U.K. session but could not stay above a very important technical level. It then moved back down and traded sideways going into the U.S. open. A bearish engulfing candle set up our short entry…risking 15 pips for a...
by Michael Bridgman | Apr 20, 2018 | Forex Tips
I’m back from holidays and could not find any trade setups that I liked until Thursday. The market appears to have cooled off with most of the pairs trading tighter ranges than when I left at the end of March. On Thursday a trading pattern set up on the AUDUSD....
by Michael Bridgman | Mar 28, 2018 | Forex Tips
A stronger USD this week and a particularly strong USD today. After the U.K. session got underway the USDJPY moved down and made a reversal pattern. A long was taken risking 15 pips for a potential 51 pips to our daily target at 106.06. Price moved up to its Asian...
by Michael Bridgman | Mar 23, 2018 | Forex Tips
President Trump introduced tariffs for China and now China will impose some tariffs on U.S. goods imported into China. The ECB seems to have dodged the tariffs from the President for the time being, but this still has the global stock markets rattled and dropping each...
by Michael Bridgman | Oct 25, 2012 | Forex Tips
Beautiful EUR trade setup with a reward to risk ratio of near 6:1. This trade offered 2 entries with very little risk for either. With no European economic news releases of consequence, a trade short is taken after the wicky candles indicated the top was in place. An...
