by Michael Bridgman | Oct 23, 2020 | Forex Tips
The AUDUSD rose early in the U.K. session before making a lower high early in the U.S. session, accompanied by a three candle reversal pattern. A short was taken risking 11 pips for a potential 43 pips to our daily target at .7101. Price moved lower to the a...
by Michael Bridgman | Oct 20, 2020 | Forex Tips
On Monday the USD started the week moving lower and this continued today. A short was taken in the USDCAD after the U.S. news, risking 13 pips for a potential 45 pips to our daily target at 1.3139. Price moved lower taking out its Asian session low, yesterday’s...
by Michael Bridgman | Oct 15, 2020 | Forex Tips
The USD strength began to pick up early in the session and a long was taken in the USDCAD risking 10 pips for a potential 30 pips to our daily target at 1.3199. The pair had already broken above its Asian range once and pulled back. It closed above this range again as...
by Michael Bridgman | Oct 14, 2020 | Forex Tips
The USDJPY set up nicely for us today. A short was taken risking 5 pips for a potential 33 pips to our daily target at 105.09. This trade had a great risk/reward ratio and it’s difficult to find trades where risk can be this limited. A confluence of reasons made this...
by Michael Bridgman | Oct 9, 2020 | Forex Tips
A light news day and a very heavy USD which continued its downward trend to close the trading week. The GBPUSD remains the most active pair of the majors. Today early in the U.S. session overlap, a long was taken risking 20 pips for a potential 72 pips to our...
by Michael Bridgman | Oct 7, 2020 | Forex Tips
The GBPUSD moved higher at the U.K. open but ran into sellers around 1.2928 and began to move lower. A short was taken as it moved back into its Asian range risking 23 pips for a potential 108 pips to our daily target at 1.2799. The pair moved lower and through its...
