by Michael Bridgman | Jan 27, 2021 | Forex Tips
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 16...
by Michael Bridgman | Jan 26, 2021 | Forex Tips
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 to...
by Michael Bridgman | Jan 25, 2021 | Forex Tips
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 .7730...
by Michael Bridgman | Jan 22, 2021 | Forex Tips
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 to...
by Michael Bridgman | Jan 14, 2021 | Forex Tips
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...
by Michael Bridgman | Jan 13, 2021 | Forex Tips
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...
