Forex Tips and Tricks –  Keeping It
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The USD had a very strong day and risk off sentiment prevailed.   The higher trending GBPUSD moved down at the U.K. open to test its Asian session low…where it bounced higher. As it began to roll over again after making a lower high, a short was taken risking...

After moving down during the Asian session, the EURUSD moved higher at the beginning of the U.K. session… which is more often than not a trap. We awaited a pull back which completed with a reversal pattern. A long was taken risking 11 pips for a potential 41 pips...

The AUDUSD had moved up in the Asian session, pulled back when the U.K. session got underway, made another attempt to move higher but formed a lower high and faded into the U.S. session open. As the U.S. session got underway, the pair ran into sellers near the...

Trading was a little slow this week for me, which began with the Martin Luther King Jr. holiday on Monday in the U.S. followed by the inauguration of President Biden on Wednesday.   Australia on Friday, posted disappointing retail sales (MoM). The AUDUSD tends...

The USDJPY made an attempt to move higher at the U.S. open but failed to challenge its Asian session high. It subsequently made a lower high with one of my favourite 3 candle reversal patterns. We entered short risking 12 pips for a potential 46 pips to our daily...

Trading has been tricky to start the year. I have noticed over the years that the narrative at the beginning of January tends to change dramatically by the end of January. The market came into January with a short USD bias and the volatility thus far suggests many...

I wish everyone a happy, healthy and prosperous new year!   We begin 2021 with a bearish USD bias as the market flows continue to show USD selling. With WTI Oil testing $50 to begin the year, a level not seen since pre-pandemic, a short USDCAD position was...

There is still no sign of a Brexit deal. The E.U. Summit begins tomorrow along with the ECB Monetary Policy Statement and Interest Rate Decision.   After moving up in the Asian session the EURUSD reversed in the European session back down to 1.2100. It briefly...