by Michael Bridgman | Mar 7, 2023 | Forex Tips
In June 2020 Chair Powell stated that the Federal Reserve was “not even thinking about thinking about raising interest rates”. Today he stated, “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace...
by Michael Bridgman | Feb 15, 2023 | Forex Tips
The EURUSD moved higher early in the London session, formed a lower high and began to move lower with momentum and some solid overhead structure. A short was taken risking 15 pips for a potential 46 pips to our daily target at 1.0665. Price moved to its Asian...
by Michael Bridgman | Feb 8, 2023 | Forex Tips
A very bullish candle above its Asian session low set up a long trade in the USDCAD risking 10 pips for a potential 75 pips to our daily target at 1.3455. An hour before the U.S. session overlap often sees a retracement or profit taking. The USDCAD had been...
by Michael Bridgman | Feb 6, 2023 | Forex Tips
Oil continued higher today and after the U.S. session got underway, the DXY backed off its highs as the equity markets moved higher. A short was taken in the USDCAD risking 25 pips for a potential 55 pips to our daily target at 1.2516. An earlier long trade in the...
by Michael Bridgman | Feb 6, 2023 | Forex Tips
A fairly light news day for economic releases to begin the week and the USD remained strong. There was an initial move lower after the U.K. session got underway, followed by a pullback going into the U.S. session overlap. As the EURUSD began to move lower again, a...
by Michael Bridgman | Jan 25, 2023 | Forex Tips
In 2022, I experienced 2 different health scares which are now behind me. They served as a reminder that nothing is more important than our health. As a result of the two incidents, my trading and teaching were greatly reduced. I will continue to trade and teach in...
