by Michael Bridgman | Dec 22, 2021 | Forex Tips
Some days trading is much easier and more rewarding than other days. The USDCAD went sideways through the first half of the U.K. session and made a very brief attempt to move higher as the North American traders began trading. A double top formed and the USD began...
by Michael Bridgman | Dec 21, 2021 | Forex Tips
After a fearful Monday and a broad selloff in the major international equity indices, it was back to onward and upward today. Although the USD was not particularly strong today, the JPY was quite weak. A long was taken early in the U.S. session overlap risking 8 pips...
by Michael Bridgman | Dec 15, 2021 | Forex Tips
A number of years ago, a friend who manages a large hedge fund, told me that he liked to gauge risk sentiment with the AUDJPY pair. Like many traders, my preference has been the bond market… particularly the US 10Y yield. This gentleman who knew more about JPY trading...
by Michael Bridgman | Dec 15, 2021 | Forex Tips
The currency markets are known to be volatile and during the final days of the ongoing saga of Brexit negotiations, the GBPUSD is extremely volatile. Be careful above 1.3500. The EURUSD is also suddenly volatile at unusual times of the trading day. If you look...
by Michael Bridgman | Dec 13, 2021 | Forex Tips
As the North American session got underway the JPY and USD were strong and the commodity currencies weak. The USDCAD and the CADJPY have been great pairs to trade this year. Today the USDCAD was too close to our daily target, but the CADJPY set up for an entry...
by Michael Bridgman | Dec 1, 2021 | Forex Tips
The USDCAD made waves to the downside but found buyers near its Asian session low. As price began to move higher a long was taken risking 20 pips for a potential 56 pips to our daily target at 1.2796. The first level to get through was the mid-figure which this pair...
