CHA$E CAPITAL

  Good afternoon traders, I hope you're all doing well and are ready for the opportunities in the markets this week. Into the markets I'm looking at GBPUSD where price broke a key H1 & H4 demand zone at 1.26550 & 1.26100 and formed lower lows at 1.25900 with candle closes below the zone. Price retraced to retest the broken demand as new supply before a continuation of the drop lower. Took sell positions during London session at 1.26507 with SL at 1.26750. Setup taken is a drop base drop, a continuation setup and my target is at 1.25400.  Price faked out a rally to 1.26650 then left a rejection wick with candle closes inside the zone followed by a drop during NY session open. Price gained momentum during NY session but failed to form candle closes below the zone. I'm still holding my positions to my anticipated target at 1.25400. Price has dropped 40 pips to 1.26100 but still hasn't formed candle closes below supply to confirm the bearish sentiment. Price failed ...

Good morning traders, it's a chilly morning outside but it's hot inside the markets with plenty of market opportunities. Into the markets today I'm looking at USDCHF where price rallied into a key H1 & H4 supply zone at 0.88900 & 0.88600 which was the origin of the previous drop to the key H4 low at 0.87500. Price filled the major H4 range from the key H1 & H4 supply zone to the H4 low and back to the key H1 & H4 supply zone. Price rallied into the zone and formed a strong H4 bearish engulfing candle with candle closes below supply followed by a drop to the 1st H4 low at 0.88200. Price retraced to retest the key H1 & H4 supply zone at 0.88600 before a potential continuation of the drop. Took sell positions during NY session at 0.88650 with SL at 0.88850. Setup taken is a rally base drop, a reversal setup and my target is at the H4 low at 0.87700. Price rallied deeper into supply putting my positions in drawdown but I held my positions. Price gained stron...