Some over-view of crosses, for reference when trading EURGBP, Weekly, last 10 years, might continue to fall below 0.90, means GBP getting stronger than Euro image AUDNZD, weekly, last 10 years, might break above falling trendline, means AUD ...

OxyGen FX Trading Journal

Short AUDCAD. Target yday low and maybe just 0.94 at most. Price made a possible SHS after a prolonged rally. The subsequent dip got rejected by the top of previous channel....twice...but the 2nd rejection got weaker, and even got itself limited ...

OxyGen FX Trading Journal

Long USDCHF, target 0.9181. This is one those "guessing the bottom" just for kicks trade. LOL Price made multi year lows and got rejected (upwards) by 0.90 figure. Well, CHF is prone to intervention by Swiss National Bank (SNB), as I explained ...

OxyGen FX Trading Journal

CHFJPY short and EURJPY short, cautiously..... CHFJPY short, target 115.70 (y'day low) Price rejected by top of the long term falling on 14Aug. Subsequently also broke below short term rising channel. image EURJPY short, target 125 whole number ...

OxyGen FX Trading Journal

GBPUSD has attracted the most attention recently with it's price action after reach new highs. 200 pips down, then 170 pips up. Today is Friday, Asia, London and lastly NY. Must be careful not to plan trades with is not able to achieve by NY ...

OxyGen FX Trading Journal

Any idea that made (and closed) with +pips is great idea ! GU, I am not sure. It has already rally back above long term falling trendline (zone) and half of yesterdays big bear candle. If it rallies more and consolidate above 1.3150 zone, ...

Cable Update (GBPUSD)

Oh, I see. It seems it loves 80 whole number for the last 15 years. Hope u caught the bounce from there just now Ooops I think not so nice to discuss this in a GU thread....

Cable Update (GBPUSD)

Thank you for the lesson! I will take a closer look! I often overlooked CADJPY. There is also another pair which seems to love parallel channels in recent years. EURJPY image

Cable Update (GBPUSD)

Agree. Sometimes, we win, or rather, we "don't lose", by not trading when things are too chaotic for a particular pair.

Cable Update (GBPUSD)

GBPJPY, a possible reason for GBPUSD refusal to sink after the FOMC dip. GBPJPY Daily Chart, re-testing 140 to break above, after bouncing off rising trendline image Zoom in to see 1hr chart of GBPJPY . The wave pattern for last few hours is ...

Cable Update (GBPUSD)

Thanks for the in sight. I see you had a Cad-Yen cross, so as not to over-expose to USD, and to follow crude?

Cable Update (GBPUSD)

Ah..., understood. I also like to spread out risk with a basket of pairs instead of just one.

Cable Update (GBPUSD)

The price action of the fall, (see pink box in the 1hr chart), looks more and more like a "correction " to the main bull trend..... If the mkt is serious about reversal, then NY session should have made it fall even more. Lets see what ...

Cable Update (GBPUSD)

Then console yourself by remembering those trades where the price suddenly rush back and you end up closing at BE, or close with losses.....

Cable Update (GBPUSD)

I just came back from a dinner date. Hard to monitor price. Saw that the price indeed back up and rejected down at around 1.3160. As this price-action was a bit too near NY session opening, hence did not dare enter. Looks like I was lucky to stay ...

Cable Update (GBPUSD)

Gmail down. Worldwide.

Cable Update (GBPUSD)

GU did what looks like a typical "rejection" after making new high and breaking long term trendline. (see yellow arrow, Daily chart) image I will not go long, as I find it hard to go against this "rejection". I will not go short, as the main trend ...

Cable Update (GBPUSD)

Thanks for the example!

Cable Update (GBPUSD)

Previously, massive USD selling that created new highs was triggered by political uncertainty over elections, COVID package and COVID cases. Now, FOMC sank all the majors, for the exact same reason. So confusing. That's why I do not trade news. I ...

OxyGen FX Trading Journal

My comments is also just to generate conversation as well. Thanks for the explanation for the "Buy rumor sell fact"quote.

Cable Update (GBPUSD)