by Michael Bridgman | Apr 25, 2019 | Forex Tips
The USD continues to strengthen and the GBPUSD continues to trend lower. Since the middle of March, this pair has been moving lower – making a series of lower highs. Price tested its Asian session high today as U.K trading began and reversed lower. We entered...
by Michael Bridgman | Apr 23, 2019 | Forex Tips
A fairly straightforward short today with the GBPUSD. Its attempt to move and stay above the 1.3000 figure failed and it moved down making a lower high. A short was taken risking 11 pips for a potential 27 pips to our daily target at 1.2974. Price moved down...
by Michael Bridgman | Apr 18, 2019 | Forex Tips
Trading has been very slow the past couple of weeks with tight ranges and light volumes. It’s been difficult to be rewarded for more than 10 or 15 pips trading the majors. It seems like the market is waiting on it’s next big move…perhaps a favourable...
by Michael Bridgman | Apr 9, 2019 | Forex Tips
A very simple trade today in the AUDUSD as it failed to remain above its Asian session highs – after the poor JOLTs job openings release in the U.S. session overlap. A short was taken risking 6 pips for a potential 49 pips to our daily target at .7098. Price...
by Michael Bridgman | Apr 4, 2019 | Forex Tips
A very orderly move in the GBPUSD today as it made a “3 Drives” pattern downward. The first drive was from its Asian session high to its Asian session low – where it rested and went sideways. The second drive was down and through yesterday’s low – where it rested...
by Michael Bridgman | Apr 3, 2019 | Forex Tips
Early in the U.S. session the GBPUSD attempted to move above its Asian session high and failed. After it began moving down, a short was taken risking 15 pips for a potential 117 pips to our daily target at 1.3052. Price continued downward then bounced at its Asian...
