by Michael Bridgman | Jun 28, 2022 | Forex Tips
Expect volatility this week as it’s month end and quarter end. Today as the USD moved higher the USDCAD tested and retested it U.S. session lows then moved higher. A long was taken risking 14 pips for a potential 52 pips to our daily target at 1.2901. The Asian...
by Michael Bridgman | Jun 22, 2022 | Forex Tips
The USDCAD has been fairly volatile lately. The pair tends to run up and test the 1.3000 figure but has difficulty so far remaining above it for long. As the North American session got underway today, the pair made a third lower high for the day, and a short was taken...
by Michael Bridgman | Jun 17, 2022 | Forex Tips
A week of central bank interest rate announcements made for very volatile currency markets. As the U.S. session got underway today, the USDCAD retested its Asian session high and immediately found buyers. An entry long was taken risking 20 pips for a potential 53 pips...
by Michael Bridgman | Jun 7, 2022 | Forex Tips
During the first half of the U.K. session the USDCAD made a series of lower highs as it tested and moved beneath yesterday’s high. As the North American session began, it reversed higher but was unable to take out today’s high. As price moved lower through the 1.2600...
by Michael Bridgman | Apr 28, 2022 | Forex Tips
I tend to trade the AUDUSD more often than the NZDUSD, but the setup in the Kiwi today required only a 13 pip stop loss for a potential 41 pips to our daily target at .6463. My preference is not to enter trades in the middle of the Asian session range unless I have a...
by Michael Bridgman | Apr 27, 2022 | Forex Tips
The USD continues its ascent and the GBPUSD continues its descent. Regardless of the chart interval, one can see a series of lower highs on pullbacks. Today, during the U.S. session overlap as the pair made another lower high a short was taken risking 20 pips...
