by Michael Bridgman | Jun 8, 2018 | Forex Tips
As the U.S. session got underway on Thursday, the AUDUSD began to roll over and a short was taken risking 10 pips for a potential 44 pips to our daily target at .7605. The trade inched lower slowly and we exited at the U.K. close. Trade tariff implications remain the...
by Michael Bridgman | Jun 5, 2018 | Forex Tips
The EURUSD set up today for a very rewarding R:R as we were able to enter short risking 14 pips for a potential 100 pips to our daily target at 1.1604. The pair stair-stepped down after it failed to close above its multi-pivot. Protecting our profit in advance of the...
by Michael Bridgman | Jun 4, 2018 | Forex Tips
As mentioned previously, I like to look for short setups in the EURUSD and GBPUSD until the current trend changes. Today both pairs set up but the GBP short only required a 14 pip stop loss for a potential 65 pips to our daily target. It took price about 45...
by Michael Bridgman | May 31, 2018 | Forex Tips
The markets are gyrating about as uncertainty regarding Italy’s ability to form a euro-friendly government remain in question. Spain too may have a change of government pending. Uncertainty will not help the Euro. The U.S. is imposing tariffs at midnight which...
by Michael Bridgman | May 25, 2018 | Forex Tips
The EURUSD continues to be a pair that I like to short… as previously mentioned. It doesn’t set up every day but when it does as it did today, I want to take advantage of it. Today the USD was strong and after the EUR failed to stay above its Asian high, a...
by Michael Bridgman | May 22, 2018 | Forex Tips
With Brexit in just over 10 months, internal squabbles continue for P.M. May regarding her plans to remain in the customs union longer if necessary as the question regarding the Irish border remains unresolved. BOE Governor Carney in his recent statement has...
