by Michael Bridgman | Aug 9, 2018 | Forex Tips
After 2 days of being basically flat the USD moved higher today. The GBPUSD continued to trend downward and a nice short setup occurred early in the U.S. session. Risking 15 pips for a potential 68 pips to our daily target at 1.2825 we entered short after a 3 candle...
by Michael Bridgman | Aug 8, 2018 | Forex Tips
The GBPUSD moved lower today during a week light on economic news drivers. The 1.3000 level gave way last week despite the rate increase in Britain. Although 1.3000 may be re-tested, this pair looks like it may be headed lower to my eyes. We took an early entry...
by Michael Bridgman | Aug 1, 2018 | Forex Tips
The yen ran into some selling yesterday after the Bank of Japan’s comments. My bias remains to short the euro and today I waited until the U.S. session got underway to short the EURJPY expecting it to recover from yesterday’s move up. The setup required a 14 pip stop...
by Michael Bridgman | Jul 31, 2018 | Forex Tips
The market has priced in a 90% probability that the Bank of England will raise the interest rate on Thursday. Expect the the GBP to be active this week in advance of the announcement, as we move into August trading. With lighter volumes price can be more volatile and...
by Michael Bridgman | Jul 26, 2018 | Forex Tips
After progress was made with trade tariff talks between the U.S. and E.U. yesterday, the USD was able to strengthen today against the majors. As the GBPUSD continued to close beneath its Asian session lows leaving 2 bearish candles, the second of which had a long...
by Michael Bridgman | Jul 25, 2018 | Forex Tips
The markets were appearing apprehensive in advance of the Trump-Juncker meeting today regarding the tariffs between the E.U. and the U.S. With the equity markets, USD and U.S. 10 year yield all down early in the U.S. session, the idea was not to trade the...
