CHA$E CAPITAL

  Good morning traders, I hope you're all doing well it's another bright Thursday and today my focus is on EURGBP. Price broke below a key H1 & H4 demand zone at 0.83790 & 0.83630 and formed lower lows on H4 at 0.83350 confirming a shift in market structure to bearish. Price retraced to retest the broken demand as a new supply before a potential continuation of the drop lower. Price retested supply at 0.83700 and formed rejection wicks with candle closes inside the zone on H4 followed by a constant push away from supply. Took sell positions during London session at 0.83700 with SL at 0.83830. Setup taken is a drop base drop, a continuation setup and my target is at the next major H4 & daily demand zone at 0.82600.

  Good evening traders, it's a bright Wednesday and here's my outlook on EURCAD as my first pair for the week. Price broke below a key H1 & H4 demand zone at 1.55460 & 1.54815 and formed lower lows on H4 at 1.54435 confirming a shift in market structure to bearish after filling the 1st minor H4 range from the key H1 & H4 demand zone to the major daily supply zone and back to the key H1 & H4 demand zone. Price formed lower lows below the broken demand then retraced to retest the broken demand as a new supply before a potential continuation of the drop lower. Took sell positions during late NY session at 1.54585 with SL at 1.54830. Setup taken is a drop base drop, a continuation setup and my target is at the next major H4 & daily demand zone at 1.51600 & 1.51170.

  Good afternoon this bright Friday, I hope you're all doing well and have had a profitable week this trading week. Here are my trades of the week on two pairs I took which are EURGBP and USDCHF. Into EURGBP, price dropped into a major daily demand zone at 0.82600 & 0.82336 which is the origin of the previous rally to the major daily supply zone at 0.84436 & 0.84020. Price filled the major daily range back into the major daily demand zone. Price dropped into demand and formed rejection wicks with candle closes inside the zone followed by a bullish push. Took buy positions during London session at 0.82616 with SL at 0.82400. Setup taken is a drop base rally, a reversal setup and my target is at 0.84020. Price rallied strongly away from demand in a strong daily bullish candle confirming the shift in market structure to bullish. Price gained more momentum rallying 140 pips to the next major daily supply zone at 0.84436 & 0.84020 filling the major daily range back to the ma...