Friday (31July) close for NZDUSD (4hr). It is price action like these that had made me believe that the market very often look for a point that is visibly obvious on a 4hr/Daily/Weekly view. image

OxyGen FX Trading Journal

NZDUSD, 4hr, sees a diverging/expanding triangle, at the top of rally. Time to go down? image But pan out, NZDUSD, Daily, can see that price is so so so close to Dec2019 peak, which will act as a magnet. Time to go up? image Will be interesting ...

OxyGen FX Trading Journal

Some personal thoughts Majors continued uptrend with another strong rally, courtesy of US GDP. Extreme overbought. Difficult to trade. Shorting will be like “guessing a top”, while Long will be like “late for the party”.LOL Yen crosses are also hard ...

OxyGen FX Trading Journal

Asia mkts, Tokyo down but China flat (as if laughing at US...). Majors still rally. Flight from USD. At this point, unable to figure out to go Long or Short. Such strong rally unable to tell when it will end.

OxyGen FX Trading Journal

US GDP plunge 32.9% in 2nd Q ! Is such a number even possible?! And I think Trump tweet about possible delay for Elections, as well, contributing to risk aversion. Dow drop 300 at opening, and had dropped 480 as I wrote this! I think for me, all FX ...

OxyGen FX Trading Journal

Some personal thoughts. AUDJPY: Possible 5-wave up from Mar2020. The 5th wave is mere 8pips and followed by 180pips rejection forming a huge inverse weekly inverse hammer. This is also the 2nd time price test the prior LH of 76.09 (Dec16) and 76 ...

OxyGen FX Trading Journal

Close off remainder of the short AUD with 50pips. London follows Asia to opens with losses. AUDUSD sank further, the London open hourly bar already stretched to 18 pips. I will not push my luck. Also, closed off the short NZD as well. image

OxyGen FX Trading Journal

Closing one of the AUD cautious shorts I talked about yday, right now, for about 40pips. Now is just before London, AUD in general sank. Looking at Indices, Asia indices seems to sank just less than an hour before London. I not sure why. Hang Seng, ...

OxyGen FX Trading Journal

Showing some short trades NZDUSD (yday morning was deem neutral, this morning, post-FOMC short), and also testing out the attached-pic functions". image image

OxyGen FX Trading Journal

FOMC did not produce any powerful rally for Majors. Maybe because the Majors have already rally tremendously last few weeks and have neared their target before FOMC. Example, GBPUSD was only 10pips away from 1.30 (whole number) many hours before ...

OxyGen FX Trading Journal

Some personal thoughts. AUDJPY: Possible 5-wave up from Mar2020. The 5th wave is mere 8pips? Followed by 180pips rejection forming a huge inverse weekly inverse hammer. This is also the 2nd time price test the prior LH of 76.09 (Dec16) and 76 whole ...

OxyGen FX Trading Journal

Closed the NZDJPY as it nears target of 69.80, as it might bounce. Closed a similar AUDJPY short as it touches confluence of points. Was looking at AUDNZD at that time of trade entry, and could not decide possible bias for next 1 or 2 days, hence ...

OxyGen FX Trading Journal

NZDJPY did not bounce off 70, luckily. Anyway, close off take-profit 50% of the short position for 30p. Aim for another 20 at most to the next support before it bounces again. image Asia and Europe mkts mostly in the red. DJIA futures also down, ...

OxyGen FX Trading Journal

I am glad that JPYs respect whole numbers (hence the purple lines for my own reference). Ideally, this NZDJPY should aim higher for 73.51 (Dec2019), but it got reject at the exact previous high. Cautiously aiming it below 70, and monitor if it ...

OxyGen FX Trading Journal

Some personal thoughts. AUDJPY: Possible 5-wave up from Mar2019. The 5th wave is mere 8pips? followed by 180pips rejection forming a huge inverse weekly inverse hammer. This is also the 2nd time price test the prior LH of 76.09 (Dec16) and 76 whole ...

OxyGen FX Trading Journal

AUDCAD, seen on Daily, just for perspective. Seemed to achieve 5-waves. The rally cleared 0.95, and only broke briefly previous major LH of 0.9614. No follow thru, and may pause to go downwards. Below, the channel 93-94, attracts. (oh, and just ...

OxyGen FX Trading Journal

Pre US-open adventure! USDCHF is something I do not monitor. The pair is not even on my Favourite/Quick list.... I had previously did some analysis on it, drew some lines and that's all. Today I just pulling up this chart from the main pair list for ...

OxyGen FX Trading Journal

USDCHF broke 5-year old support of 0.9181 and bounce back up a bit. EURCHF took this opportunity to immediately rally 90 pips in a few hours. SNB? And maybe thats why EURUSD rally.

EURUSD

Long and closed with 30+. Somehow I was not confident of trading EURCHF as it was at that time hovering in the middle of nowhere at 1.0730. After going Long on USDCHF, I went for a meeting, had meal, and then saw EURCHF gone up 90pips in 3 ...

USD/CHF

Hi All. USDCHF broke below 0.9181. Its a new low, since....2015 ? Looks fantastic on a Weekly chart. If I am not wrong, SNB only interfers with EURCHF. I wonder if it will do the same for USDCHF?

USD/CHF