by Michael Bridgman | Apr 15, 2021 | Forex Tips
The DXY had moved down for three straight days this week, so it was not surprising to see retracement trades set up today. After some some disappointing Canadian news and very positive U.S. economic news, a long USDCAD trade was taken risking 13 pips for a potential...
by Michael Bridgman | Apr 14, 2021 | Forex Tips
The commodity currencies were particularly strong against the USD today and with WTI up, a short was taken in the USDCAD. An earlier entry would have been ideal, but once the pair had downside momentum today, a trade was taken risking 11 pips for a potential 50...
by Michael Bridgman | Apr 8, 2021 | Forex Tips
As the U.S. session overlap got underway, the DXY continued to move lower today. With the EURUSD moving higher and the GBPUSD moving lower, it was clear a long EURGBP position would be tactical. An entry was taken risking 12 pips for a potential 41 pips to our...
by Michael Bridgman | Apr 6, 2021 | Forex Tips
A nice start to the trading week. There were several nice trade setups today to take advantage of with a weaker USD. A long was taken early in the U.S. session overlap risking 15 pips for a potential 38 pips to our daily target at 1.1855. The trade had momentum...
by Michael Bridgman | Apr 1, 2021 | Forex Tips
As we start the new month the USD is moving lower in advance of Friday’s NFP number. A GBPUSD long was taken risking 15 pips for a potential 47 pips to our daily target at 1.3829. Price found a bottom early in the U.S. session overlap then began to move higher....
