CHA$E CAPITAL

  Good morning traders and happy festivities this season as it is a time to spend with family, friends and loved ones after a long year of hustle and hard work. As the year comes to an end we'll get to see banks start closing for holidays meaning this is the last trading week of the year 2022 and this will also be my last trade of the financial year 2022. Into the markets today, XAUUSD price rallied to a key H1 & H4 supply zone at 1822.25 & 1808.63 which is the origin of the previous drop to the H4 demand at 1774.00. Price has filled the minor H1 & H4 range from the key H1 & H4 supply zone to the H4 demand and back to the H1 & H4 supply zone. Price rallied into supply forming a rejection wick with candle close inside supply followed by a strong drop to the H4 low at 1774.00 then rallied back into supply. Price rallied back into supply and formed a rejection wick and candle closes inside supply followed by a slight drop on H1 in 3 bearish candles showing a potent...

  Hello traders, I hope you're all well and on the grind as the markets never sleep. Into the NZDCAD chart, price rallied to a major daily chart supply zone at 0.87675 & 0.87013 which is the origin of the previous drop to the major daily demand zone at 0.77338 & 0.76680. Price has filled the major daily range from the major daily supply to the major daily demand zone and back to the major daily supply. Price rallied into supply and faked out a break of supply on H1 but on H4 and the daily chart price formed a strong rejection wick with candle close inside supply followed by a slight drop away from supply showing a potential reversal.  Took sell entries during London session at 0.87273 with SL at 0.87700. Setup taken is a rally base drop, a reversal setup and my target is at the 1st daily low at 0.83500. Price dropped 100 pips by a constant push away from supply to the 1st H4 low at 0.86360. Price failed to break the H4 low and instead rallied back to supply and back to...

Good afternoon traders, it's another day in the financial markets with many opportunities presenting themselves as the markets never lack opportunities. I hope you're all good and taking advantage of the liquidity and volatility in the markets this week as banks will start going for holidays as from next week meaning the markets will lack volatility. Today I'm looking at GBPCHF and NZDCAD which I'll write about on my next post. Into the GBPCHF market, price rallied to a key supply zone on the H4 & daily chart at 1.15700 & 1.15160 which is the origin of the previous drop to the major H4 & daily demand zone at 1.10747 & 1.09580. Price has filled the major H4 & daily range from the key H4 & daily supply to the H4 & daily demand zone and back to the H4 & daily supply. Price rallied into supply and formed a strong rejection wick with candle closes below supply followed by a slight drop away from supply in form of a H4 bearish engulfing candle....

  Good morning traders, I hope you're well and ready to end the year profitable as this week comes with a lot of high impact news that will bring lots of volatility in the markets from CPI to FOMC to monetary policy releases by major central banks. Into the charts today I'm looking at GBPJPY where price rallied to a key H1 & H4 supply zone at 169.456 & 168.892 which is the origin of the previous drop to the H4 & daily demand zone at 164.474 & 163.721. Price filled the H1 & H4 range from the H1 & H4 supply to the H4 & daily demand and back to the H1 & H4 supply. Price rallied into supply and formed strong rejection wicks and candle closes inside supply.  Took sell entries yesterday during NY session at 168.911 with SL at 169.270. Setup taken is a rally base drop, a reversal setup. Price strongly dropped away from supply by a strong H4 bearish candle during the CPI news release confirming a shift in market structure to bearish. Price dropped 190 p...

  Good afternoon traders I hope your weekend was good and you're all ready to tackle the new week in the markets. Into the charts today I'm looking at NASDAQ where price rallied back to the major daily chart supply level at 12053.99 & 11893.84 from the H1 & H4 demand level at 11643.74 & 11526.52 and closed last week inside supply. Market opened this week inside supply, formed a slight push to 12000.00 then left a rejection wick followed by a slight push down. Price filled the minor H1 & H4 range from the major daily supply level to the H1 & H4 demand level and back to the major daily supply level.  Took sell entries during London session at 11957.00 with SL at 12065.20. Setup taken is a rally base drop, a reversal setup and my 1st target is at the next H1 & H4 demand level at 11643.74 & 11516.52 before price either continues dropping or reverses and shifts bias. Price gained momentum during NY session that saw the market form lower lows and dropping...

Good evening traders happy new month as we start off the last month of the economic quarter and financial year 2022. Its been quite a long year with many hurdles and opportunities in the financial markets and I hope every trader finishes this year strong. Into the markets today, the US Bureau of Labor Statistics reported that the total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 %. However, this is a decrease from the month of October's 284,000 nonfarm payroll employment hence causing a continuation of the sharp decline of the dollar since the start of this week.  The Dollar index has been bearish all week with price declining from the lows of 108.100 to today's 104.700 where price gained most bearish momentum during the Fed's Chair Jerome Powell's speech on Wednesday night and today's NFP report. Price showed a steady decline from the major daily supply at 114.660 & 114.116 to the 1st daily demand ...