Forex Tips and Tricks – Keeping It
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Long the GBPUSD as the USD pulls back today to end the quarter
The GBPUSD moved lower going into the U.S. session overlap. As the pair began to move higher, coupled with a weaker USD today, a long was taken risking 10 pips for a potential 24 pips to our daily target at 1.3797. The first candle after our entry produced a long...
USD strength continued and oil moved a bit lower with the Suez Canal opening up again
The USDCAD in the early U.K. session found a bottom at its Asian session lows. It subsequently broke above its Asian session high for a second time. A long was taken risking 9 pips for a potential 42 pips to our daily target at 1.2647. Price moved higher with a...
Shorting the trending EURUSD as the DXY moves higher for a third day in a row
The EURUSD made a lower high in in the U.S. session overlap and an entry short was taken risking 14 pips for a potential 49 pips to our daily target at 1.1753. (not shown) Price moved lower going into the European close where we exited the trade. As we...
Shorting the GBPUSD in advance of Governor Bailey’s speech
The GBPUSD started to move lower early in the U.K. session. A short was taken risking 17 pips for a potential 66 pips to our daily target at 1.3762. Both the Asian session low and yesterday’s low were quite close to our entry. Price was able to go through...
Shorting the GBPUSD with USD strength today
North America moved the clocks forward an hour last weekend. The U.S. session overlap with London is 5 hours instead of 4 hours until next weekend, when both the U.K. and Europe move the clocks ahead an hour. Trading has been slower this week for me with so...
A stronger USD to begin the trading week
The USD started the trading week stronger while the GBP weakened. Today as the U.S, session got underway, the pair moved lower then went sideways for the second hour, before moving further to the downside. A short was taken risking 15 pips for a potential 64...
Stronger USD today after 3 down days but the CAD is stronger still
As commodities continue to rise at this stage of the economic growth story, traders can look for setups in the CAD, AUD and NZD pairs. With oil performing very well this year and 70 percent of Canadian exports going to the U.S., the USDCAD has been very active as...
Shorting the USDCAD on the third day of USD weakness
The USDCAD moved higher early in the U.S. session overlap but could not close above yesterday’s low. A short was taken risking 18 pips for a potential 62 pips to our daily target at 1.2532. Price moved lower testing and retesting its Asian session low, down...
Cautiously long the GBPUSD on a day of USD weakness
The USD experienced selling pressure today while the GBPUSD oscillated up and down in a fairly tight range during the first half of the U.K. session. A long entry was taken after the pair made a third higher low and began to move higher in the U.S. session...









