by Michael Bridgman | May 16, 2018 | Forex Tips
As mentioned a couple of week’s ago, our bias is to trade the EURUSD short… with the trend. It broke a very important technical level and we will continue to evaluate it daily for entry setups. On Wednesday after the U.K. open, the pair failed to stay above its Asian...
by Michael Bridgman | May 15, 2018 | Forex Tips
The GBPUSD has been holding on to the technically significant 1.3550 area for over a week. With a stronger USD today coupled with the US 10 yr yield back above 3%… we saw a uniform move across the majors. We entered the GBPUSD short risking 15 pips for a...
by Michael Bridgman | May 10, 2018 | Forex Tips
Trading has been interesting this week. With President Trump’s announcement regarding Iran, the USD has temporarily lost its momentum upward and crude oil (WTI) is above $70 for the time being. Israel is aggressively defending itself against attacks, which creates...
by Michael Bridgman | May 3, 2018 | Forex Tips
On Wednesday, the EURUSD moved up to begin the U.K. session but could not stay above a very important technical level. It then moved back down and traded sideways going into the U.S. open. A bearish engulfing candle set up our short entry…risking 15 pips for a...
by Michael Bridgman | Apr 20, 2018 | Forex Tips
I’m back from holidays and could not find any trade setups that I liked until Thursday. The market appears to have cooled off with most of the pairs trading tighter ranges than when I left at the end of March. On Thursday a trading pattern set up on the AUDUSD....
by Michael Bridgman | Mar 28, 2018 | Forex Tips
A stronger USD this week and a particularly strong USD today. After the U.K. session got underway the USDJPY moved down and made a reversal pattern. A long was taken risking 15 pips for a potential 51 pips to our daily target at 106.06. Price moved up to its Asian...
