CHA$E CAPITAL

  Wassup traders, I hope you're all doing great. It's been a while since I shared here and I now resume sharing my insights and analysis. Into the markets this week I am looking at NZDUSD where price rallied and broke a key H1 & H4 supply zone at 0.56840 & 0.56558 which is the origin of the previous drop to the major daily demand zone at 0.55900 & 0.55530. Price rallied and broke above supply and formed higher highs at 0.57200 confirming a new bullish range formed. Price has retraced to retest the broken supply as a new demand before a potential continuation of the rally higher. Took buy positions during London session at 0.56850 with SL at 0.56630. Setup taken is a rally base rally, a continuation setup and my target is at 0.57800.

  Happy New Year Chase Capital fam I hope y'all had an amazing festive season and a great start of the year 2025. It's a year with great opportunities that should be well utilized. Into the markets today my first trade for 2025 I am looking into EURCAD. Price broke below a major H1 & H4 demand zone 1.48875 & 1.48450 forming lower lows on H1 & H4 at 1.47700. Price retraced back to retest the broken demand as new supply before a potential continuation of the drop lower. Price rallied back into the zone at 1.48875 then formed candle closes inside the zone followed by a H4 bearish engulfing candle with candle closes below the zone. Took sell positions during London session at 1.48930 with SL at 1.49200. Setup taken is a rally base drop, a reversal setup and my 1st target is at 1.47480 before price either reverses or breaks below and drops lower to the next major H4 & daily demand zone. Price failed to break below 1.48850 and instead reversed and rallied higher to th...