by Michael Bridgman | Apr 27, 2022 | Forex Tips
The USD continues its ascent and the GBPUSD continues its descent. Regardless of the chart interval, one can see a series of lower highs on pullbacks. Today, during the U.S. session overlap as the pair made another lower high a short was taken risking 20 pips...
by Michael Bridgman | Apr 21, 2022 | Forex Tips
The USDCAD started the U.S. session dipping down to test its Asian session low… very close to yesterday’s low and found buyers. As the pair began to climb higher, a long was taken risking 20 pips for a potential 49 pips to our daily target at 1.2542. The pair moved to...
by Michael Bridgman | Apr 14, 2022 | Forex Tips
The USDJPY has been surging higher since moving above the 116.00 figure last week. This move is based on the fundamental weakness currently of Japan’s economy and is reflected in other yen crosses as well. The USD was strong today and after the economic news, a...
by Michael Bridgman | Apr 8, 2022 | Forex Tips
The AUDUSD traded mostly sideways going into the U.S. session overlap. A short set was taken risking 11 pips for a potential 48 pips to our daily target at .7409. Price moved lower and we locked in profits as it did. A reversal pattern set up and we re-entered long...
by Michael Bridgman | Apr 6, 2022 | Forex Tips
The AUDUSD set up for a short early in the U.S. session overlap after a third lower high… risking 15 pips for a potential 39 pips to our daily target at .7525. Price went sideways after the entry for 30 minutes then began to move lower stalling near yesterday’s...
