Bullish case: Price supported by 1.30 figure for last 6 days. Potential to form a consolidation (or horizontal channel) 1.30-1.32, to eventually break 1.32 and break falling long-term trendline, followed by continue uptrend to 1.35. Bearish case: On ...

Cable Update (GBPUSD)

Close all the leftover half positions for AUD, EURJPY and EURUSD. Reason being that I forgot to factor in these things 1. The size of the Daily Candle. It is already quite long, compared to the rest of the past 30 candles (see below EURUSD as ...

OxyGen FX Trading Journal

Congrats on your target hit! Yes, nice to work together with everyone here, contributing views and cross-referencing in case miss out something. I am new hence I do not know about the bickering. Peace.

EURUSD

Short EURJPY, closed half +50pipsShort image AUDUSD, close half +25 pips image

OxyGen FX Trading Journal

LOL same target as mine. Hope i can reach (EDIT: I chicken out, close half at this point....) image

EURUSD

Looks like NFP is no non event during the 10mins of its release. There are price action in the past few days that cause more whipsaws! Looking at the chart from a pure price perspective, EURUSD touch bottom of trendline and only had a weak bounce. ...

OxyGen FX Trading Journal

Looks like NFP is no non event during the 10mins of its release. There are price action in the past few days that cause more whipsaws! Looking at the chart from a pure price perspective, EURUSD touch bottom of trendline and only had a weak bounce. ...

EURUSD

My own view and observation on what the various write ups during Bull trend is that: - Good US data, happy mood = buy Majors and Majors rally - Bad US data, quickly sell off US currency - Majors rally. And during Bear trend - Good US data, lets buy ...

EURUSD

Today is NFP day. It will cause whipsaws. I will stand aside without any position, and watch this circus. I will not guess what direction NFP will affect. The market is a weird place with weird reactions. This whole week, when USA have good data, ...

OxyGen FX Trading Journal

Prices went further south than what I had wished. And there was no obvious strong rebound. I thank the lucky stars that the prices went back up a bit. I am not proud of this series of trades. Pure luck to escape. Lucky to have used small positions. ...

OxyGen FX Trading Journal

Long AUDJPY NZDJPY, GBPJPY. NZDUSD One hour into Asia, when there is across the board sudden dips, and pause at short term supports. Using it as a basis to buy dips. Also, the fresh tops that was made last few days, were all flat tops, not ...

OxyGen FX Trading Journal

I am not sure if NFP numbers matters to the FX market. Or even to the stock market. We shall see. Recently, it has been...... When USA has bad data: "OMG USA is useless, sell the Dollar! " (And Majors rally) When USA has good data: "OMG USA is ...

EURUSD

EURJPY shorts, had stopped out at BE. After it had previously reached 1st target, it decided to run back into the wedge, maybe it felt shy to leave it's den. Some personal thoughts, some changing of perspective on the pairs. AUDJPY: Change ...

OxyGen FX Trading Journal

High volatility !! across all Majors in the last 30mins, easily 30pips up, 30pips down, then 30pips up again. For a moment I though it is NFP now....I thought I must have gotten my days and time wrong...LOL Why at this hour (US EDT 11am) ? London ...

EURUSD

Is NFP now?? If no, then what's going on for AUD? So, after I close AUD shorts with losses, thinking it WILL NOT come back down soon....it decided to come down ASAP within 30min.......*sweat* OK, had I initially gone Long, it would also caught me ...

OxyGen FX Trading Journal

EURJPY 1st target reacted, closed half for 30pips. Price break below rising wedge, which means bearish. (I reckon it should be one. Sometimes, price patterns morph into something else) image

OxyGen FX Trading Journal

AUDJPY short did not work out. Price reverse up. Not confident it will go back down US open wants it up. Close with loss -20pips AUDUSD short did not work out. Price reverse up. Close with loss -22pips. EURJPY short still active, hoping it will ...

OxyGen FX Trading Journal

GBPUSD Weekly chart. I think everyone can see in plain sight that GU is in uptrend since late March. But I guess the market just... just... just wanna touch 9Mar2020 high of 1.3200, so that "technically" it has cross previous Lower-High to "confirm" ...

OxyGen FX Trading Journal

GBPUSD Weekly chart. I think everyone can see in plain sight that GU is in uptrend since late March. But I guess the market just... just... just wanna touch 9Mar2020 high of 1.3200, so that "technically" it has cross previous Lower-High to "confirm" ...

Cable Update (GBPUSD)

EURJPY short at 125.07, after seeing the strong rejection from 125.59. This also means, this rising wedge is highly valid. Aim for 124.75, and then 124.50. AUDJPY short at 75.85, aim for 75.55 AUDUSD short at 0.7184, aim for 0.7150, and 0.7120 ...

OxyGen FX Trading Journal