by Michael Bridgman | Nov 29, 2021 | Forex Tips
The USDCAD began the U.S. session ranging sideways without testing its Asian session low. When the pair broke above this range, a long was taken, risking 15 pips for a potential 55 pips to our daily target at 1.2802. The first area to clear was the Asian session high,...
by Michael Bridgman | Nov 26, 2021 | Forex Tips
The day after Thanksgiving in the U.S. is known as Black Friday and with many traders taking a long weekend, trading volumes are lower. That coupled with negative headlines about the discovery of a new coronavirus variation reported from South Africa’s medical...
by Michael Bridgman | Nov 23, 2021 | Forex Tips
Firstly, I haven’t been posting for a month and not because I’ve been away on a holiday. There was a death in my family and recovering from it has been very emotional for me. At times, I wanted the focus and distraction of trading but trading during emotional periods...
by Michael Bridgman | Nov 14, 2021 | Forex Tips
The USDX continued to stall near recent highs and the sentiment was “risk off” today. Even the EUR and GBP were able to climb versus the USD. The USDJPY moved to its Asian session low and oscillated just above and below this level going into the U.S. session...
by Michael Bridgman | Nov 13, 2021 | Forex Tips
As the market digested President Trump’s speech yesterday and awaited today to see if Fed Chair Powell would add anything new, risk sentiment was cautious. After the USDJPY tried to move above its Asian session high, and failed, a short was taken risking 12...
by Michael Bridgman | Oct 20, 2021 | Forex Tips
The GBPUSD moved lower in the first half of the U.K. session after Britain’s CPI and PPI economic releases missed expectations. With the USD weaker again today, a long was taken risking 15 pips for a potential 63 pips to our daily target at 1.3830. I wasn’t...
