CHA$E CAPITAL

  US30 price dropped to a key H1 demand level at 29120.82 & 28837.20 which also corresponds with a major weekly demand level. Price dropped to demand, formed candle close inside followed by a large H1 bullish engulfing candle and a rally out of demand confirming a bullish reversal. Price formed candle close above demand, retested it then continued with the rally, rallying to the 1st H1 high at 29589.90 confirming a shift in market structure to bullish. However, price has still not yet taken out that H1 high and I anticipated a drop back to retest demand and accumulate more bullish orders to take out the H1 high and continue with the rally. I missed out on the optimum entries at the start of the rally but looking to take buy positions after a retracement back to demand.

  Good afternoon traders, coming close to the end of the trading week as today is Friday we expect markets to close tonight for the weekend. However into the markets during the trading week, NASDAQ and US30 have been constantly on my watchlist for various market moves. In NAS100, price dropped to a major H1 demand level at 11207.88 & 11089.14 which corresponds with a major weekly demand level. Price dropped into demand, formed candle close inside followed by a large H1 bullish engulfing candle and a rally out of demand. Price formed candle close above demand, retested it and was followed by another strong rally out of demand confirming the bullish reversal and sentiment. Price rallied to the H1 high at 11491.31, confirming a shift in market structure to bullish. I missed out on the optimum entries but looking into taking buy positions when price pulls back before a continuation of the rally.  Price failed to break the H1 high and dropped back to demand to accumulate more b...

Good evening traders, I hope you're all good and had a great weekend. The last trading week was one to remember as it was full of high impact news  from the Swiss National Bank on Swiss Franc (CHF) monetary policy to Bank of England releasing their monetary policy report and the most high impact being the Federal Open Market Committee (FOMC) that shook the markets after the interest rates hike.  Job gains have been robust in recent months and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices and broader price pressures. The Committee seeks to achieve maximum employment and inflation at the rate of 2% over the long run. To support this, the Committee decided to raise the rates from 2.50% to 3.25% , a 75bps hike and anticipates that ongoing increases in the rates will be appropriate. The Fed estimates an increase to 4.40%, another 115bps hike in the near future which ...

  Into the GBPUSD market, price has dropped to a key demand level on H1 & H4 at 1.14108 & 1.13659 which is the origin of the previous rally to the H4 high and supply at 1.17412 where price reversed and dropped back into demand. Price has filled the H4 and daily range from demand to the H4 high and supply at 1.17412 and back to demand. Price formed candle closes inside demand, a strong H1 bullish engulfing candle followed by a strong bullish push out of demand with candle close above supply becoming additional bullish confluence. Took buy entries during late NYSE at 1.14116 with SL at 1.13820 after also missing optimum entries at 1.13650. Setup taken is a drop base rally, a reversal setup and my 1st target is at the 1st H1 high at 1.15800. Price faked out a rally to 1.14600, failed to break that high then reversed and dropped back into demand heavily, taking out my entries and hitting SL. Price hadn't broken demand yet and had formed a rejection wick followed by candle close...

  Good evening traders, I hope you're all doing well and okay. Into the markets today I'm looking at 2 currency pairs which are AUDUSD (Aussie) and GBPUSD (Cable). In AUDUSD price has dropped to a key H1 & H4 demand level at 0.67003 & 0.66719 which is the origin of the previous rally to the H4 high at 0.69000 where price reversed and dropped back to demand. Price has filled the H4 range from demand to the H4 high at 0.69000 and back to demand. Price formed candle closes inside demand, a strong bullish engulfing candle on H1 followed by another strong bullish candle that closed above demand becoming an additional bullish confluence.  Took buy entries during late NYSE at 0.67100 with SL at 0.66840 after missing optimum entries at 0.66720. Setup taken is a drop base rally, a reversal setup and my 1st target is at 0.68280. Price rallied 40 pips to 0.67400, left a strong wick rejection then dropped back into demand hitting SL and taking out my entries. Price formed candle c...

  Good morning traders, I hope you're good this fine London session and chilly morning. Into the US index markets today, NASDAQ price dropped back into a key H4 and daily chart demand zone at 12122.89 & 11990.04 which is the origin of the previous rally to the major supply at 13658.97 & 13516.84 and the rally to the H4 BOS at 12801.09. Price filled the 1st H4 range from demand to BOS and back to demand. Price dropped into demand, formed strong rejection wicks inside, candle closes inside demand followed by a bullish push out of demand with candle close above demand. Took buy entries during London session at 12128.10 with SL at 12031.26. Setup taken is a drop base rally, a reversal setup.

  Good evening traders, I hope your weekend was good and you're all doing well as we wait for the swearing in of the fifth president of our country tomorrow. Into the markets today, EURGBP price rallied to a major supply zone on the daily chart at 0.87109 & 0.86796 which is the origin of the previous drop to the daily demand level at 0.83713 & 0.83476. Price filled the major daily range from the daily supply to the daily demand and back to supply. Price rallied into supply and formed strong rejection wicks on the daily chart and a large bearish engulfing candle on H4 showing a possible reversal. Took sell entries during pre-NYSE at 0.86787 with SL at 0.87100. Setup taken is a rally base drop, a reversal setup and my 1st target is at the next H1 low at 0.85730. Price 1st dropped 30 pips to the 1st H1 low at 0.86487 then retraced back into supply and slightly consolidated at supply accumulating more sell orders in order to give price the expected bearish push. Price gained mo...

  Hello traders, USDCAD price rallied into a key supply level on H4 and daily chart at 1.31907 & 1.31648 which is the origin of the previous drop to the daily demand level at 1.27846 & 1.27382. Price rallied into supply 1st time into supply, formed a strong H4 wick rejection, candle close inside supply followed by a bearish push down to the 1st H4 low at 1.30730. Price retraced from the H4 low by a strong rejection wick followed by a rally back into supply. Price formed strong rejection wicks on H4, candle closes inside supply followed by a bearish engulfing candle on H4 that closed below supply showing a valid possible bearish reversal confluence.  Took sell entries during NYSE at 1.31670 with SL at 1.32000 after several failed attempts where my SL has been hit before the market moved as anticipated. Setup taken is a rally base drop, a reversal setup and my target is at 1.29450, the next demand level on H1 & H4. Price first dropped 80 pips to the 1st H1 low at 1.3...

Hello traders, I hope you're all doing well and okay and keeping warm during this very cold weather. Into the charts, AUDUSD price dropped to a key level of interest, the H4 and daily demand zone at 0.67335 & 0.67095 which is the origin of the previous rally to the high at 0.71250. Price has filled the major daily range from demand to the high at 0.71250 and back to demand. Price dropped into demand, formed rejection wicks on H4, candle close inside demand followed by a bullish engulfing candle that closed above demand showing confluence for a possible reversal.  Took buy entries during NYSE at 0.67408 with SL at 0.67100. Setup taken is a drop base rally, a reversal setup and my 1st target is at 0.68400. Price gained strong bullish momentum, rallying 135 pips to 0.68762, taking out my targets and still rallying higher. Closed out partials at my target and left runner positions as price is still bullish with my new targets at the H4 high at 0.69936.  

  Good morning traders, I hope you're all well and doing fine. Into the markets today, US30 price dropped back to the daily demand level at 31687.98 & 31289.90 and closed the previous market week inside demand. Market opened with price inside demand, formed rejection wicks followed by a small rally. Price filled the major daily range from the daily demand to supply at 34179.1o & 33852.10 and back to demand. Took buy entries yesterday during London session at 31412.40 with SL at 31070.31. Setup taken is a drop base rally, a reversal setup and my 1st target is at the 1st H4 high at 32342.58.  Price has been in consolidation at demand without any major movements the whole of yesterday. Today price has shown some bullish momentum as London session has opened about 30 minutes ago. My bias still remains bullish and my targets unchanged for this trade. Price faked out a rally to 31549.59 then dropped back into demand again, taking out my positions and hitting SL. Price droppe...

  Hello traders, I hope your weekend was lit and lively. Mine was okay especially from the fact that NFP brought some nice market volatility that led to catching quite some valuable market moves. Non-farm payrolls (NFP) is a report released by the US. Bureau of Labor Statistics every first Friday of the month showing the change in jobs in the economy over the previous month that does not include farm workers, private household employees, or non-profit organizations. This is a very important news release for forex traders as it gives a lot of market volatility hence causing large moves in the markets. It also gives directional bias for the dollar index which in turn corresponds with all dollar pairs. On Friday 2nd September, the US Bureau of Labor Statistics released the NFP report data which showed that total non farm payroll increased by 315,000 in August, the unemployment rate rose by 0.2% from the previous month to 3.7% and the number of unemployed persons increased by 344,000 t...

  Good morning traders, I hope your weekend is going on well and you're all okay. Into the US index markets, US30 price dropped to a key demand level on H4 and the daily chart at 31687.98 & 31302.14 which is the previous H4 and daily bullish BOS. Price has filled the major daily range from demand to supply at 34105.48 & 33737.83 and back to demand. Price dropped inside demand, formed H1 & H4 candle close inside demand followed by a rally out of demand in form of a large bullish engulfing candle on H4.  Took buy entries during London session at 31624.10 with SL at 31430.03, before the expected NFP report release on Friday during NY session. Setup taken is a drop base rally, a reversal setup and my 1st target is at 32360.01. Price formed more rejection candles followed by another push up during the NFP release as price gained momentum, rallying 405 points to the 1st H1 high at 32030.94. Price rallied to the H1 high and failed to break it showing possible reversal sig...

  Good evening traders, I hope you're all doing well and okay as the market week ends today with the Non-Farm Payroll report release during NY session which I'll dig deeper into it later. Into the markets, USDCAD price rallied to supply on H1 & H4 at 1.31667 & 1.31126 which is the origin of the previous drop to the lows of 1.27900. Price filled the H4 & daily range from supply to demand at 1.27835 & 1.27382 and back to supply. Took sell entries yesterday during London session at 1.31680 with SL at 1.32000. Setup taken is a rally base drop, a reversal setup.  Price faked out a drop followed by a large bullish spike on H1 & H4 that showed a break of supply hence almost invalidating my setup as price formed candle close above supply and close to my SL. However, the next candle that formed is a strong bearish candle on H1 & H4 that dropped price back to entry after the fake out. Price faked out another drop then caused a liquidity grab that took out my entr...