CHA$E CAPITAL

  Good evening traders, I hope your weekend was awesome and you're all ready for the new trading week. Last week the markets made quite some swift moves especially on Friday during NYSE as most part of the week from Tuesday to Thursday the markets were either ranging or in consolidation at different levels. I'd like to share an update on US30 and later on XAUUSD which I had swing short positions. Into the US30 market, price dropped back deeply into the broken H1 & H4 supply retesting it as new demand before a continuation of the rally. However, price consolidated at zone for a while forming wicks to the upside then pushing price below demand with candle close below the zone on H1 & H4 but on the daily chart price closed inside demand leaving a strong rejection wick. Price then strongly rallied away from demand on Friday during NY session by a strong large H4 bullish candle that took out the previous H1 & H4 high confirming bullish momentum and a continuation of the ...

  Hey good afternoon traders, I hope you're all well this fine Wednesday afternoon. As always I'm digging into the charts looking for opportunities in the financial markets and today I'm watching AUDUSD. Price rallied to a H1 & H4 supply level at 0.63350 & 0.63044 which is the origin of the previous drop to 0.62000. Price has filled the minor H1 & H4 range from supply to 0.62000 and back to supply. Price rallied into supply, formed rejection wick and candle close inside supply on H1 & H4 followed by a slight drop. Price dropped to 0.62786 then rallied back into supply. Took sell entries during London session at 0.63062 with SL at 0.63420. Setup taken is a rally base drop, a reversal setup and I anticipate price to drop back to the low at 0.62000 which is also my target for the shorts. Price gained momentum during NY session and late into Asian session dropping 75 pips to 0.62295 after which price reversed and rallied back to supply on 20th during London sess...

  Good evening traders, an insight into the US30 market as it is the 2nd day of the trading week and what opportunities it presents. I hope you're all well and doing okay. Price rallied from the major H4 & daily demand zone at 28864.28 & 28621.70 to the major H4 & daily supply zone at 30379.39 & 30002.47, breaking it and forming a higher high at 30823.20 on H1 & H4. Price dropped to retest the broken supply as new demand before a continuation of the rally forming a new bullish range. I missed out on optimum entries at the retest of the new demand zone but looking for potential buy positions as the market structure shifted to bullish. Price dropped back to the broken supply for another retest on H4 before a continuation of the rally. Took buy positions during late NY session at 30396.10 with SL at 30103.74. Setup taken is a rally base rally, a continuation setup. Price dropped into demand, formed rejection wick and H4 candle close above demand showing good conflu...

  Good afternoon traders, I'm doing an update on the XAUUSD shorts I had called and how the trade has progressed with the market moves this week. Price rallied to the previous H1 high at 1682.60, failed to break it and dropped. Price gained momentum during NY session dropping in 2 large H1 bearish candles after the CPI news release yesterday confirming a continuation of the bearish trend. Price dropped to 1643.20 with strong momentum, hitting my target of 1658.00 where I took partials and dropped lower then rallied back to 1665.50. I anticipated a retest of 1672.40 before a continuation of the drop back to the H1 & H4 demand zone at 1629.44 & 1620.21 which is the origin of the previous rally to supply at 1731.49 & 1721.31. I'm still holding my short positions from 1724 and I had pending sell limit orders at 1672.40 with SL at 1683.30. Price rallied to retest 1672.40 as previously anticipated and activated my pending sell limit orders at 1672.40 Price dropped to 1659...

  Good morning traders, I hope you're all well this fine sunny morning. This week the markets have been in more of a continuation of last week's trends in most markets as no major reversals have been seen yet. I'm still holding my XAUUSD (gold) shorts from last week which I'll give updates on within the week. Into the charts this week, I've been looking at GBPAUD where price rallied to a key H1, H4 & daily supply zone at 1.76961 & 1.76146 which is the origin of the previous drop to 1.73592 the 1st H1 low. Price has filled the 1st minor range from supply to the H1 low at 1.73592 and back to supply. Took sell entries yesterday during London session at 1.76152 with SL at 1.76880. Setup taken is a rally base drop, a reversal setup and my 1st target is at the H1 low at 1.73592. Price rallied into supply, formed candle close inside followed by a bearish engulfing candle on H1 and candle close below supply showing more confluence for the shorts. Price consolidated ...

Good evening traders, I hope you're all doing well and ready for the new trading week. Into the last Non-farm payroll report released on Friday, the US Bureau of Labor Statistics reported that the Total nonfarm payroll employment increased by 263,000 in September and the unemployment rate edged down to 3.5%  from the previous 3.7%. This caused the dollar to gain strength and the dollar index (DXY) became strongly bullish, rallying from 109.960 and closing the week at 112.570 amid showing potential continuation of the bullish run into the coming weeks as I anticipate a rally back to the highs of 114.300 and supply level at 114.660 & 114.116 which is the origin of the previous drop to 109.960. The dollar strength caused all USDXXX pairs to strongly rally eg. USDCAD, USDCHF, USDJPY etc and all XXXUSD pairs to strongly decline eg. EURUSD, GBPUSD, AUDUSD, NZDUSD etc. This also caused a strong drop in gold (XAUUSD) and the US indices markets which are Nasdaq (NAS100), Dow Jones (US30...

  Good evening traders, I hope you're all doing well and were eagerly waiting on the US Bureau of Labor Statistics to release the awaited Non-farm Payroll report. Into the gold market analysis update, price gained momentum during London session into the NYSE as it dropped 160 pips to 1707.17, close to the previous H1 low. Price slightly consolidated forming equal H1 highs at 1714.50 followed by a strong drop with high momentum during the NFP news report release yesterday during NYSE. Price dropped 265 pips to 1695.12 having broken the H1 low at 1705.31, retested it and continued with the drop. The NFP report showed that the US employment rate added 263,000 jobs in the previous month from the forecasted 248,000. This caused the dollar index (DXY) to be strongly bullish, rallying to 112.560 hence causing XAUUSD to be weaker, closing the week with price at 1694.50 and I anticipate a continuation of the drop into the coming week.

  Good evening traders, I hope you're good and doing well. An update on the XAUUSD trade I took where price dropped to the 1st H1 low at 1705.31 then reversed and rallied back to supply hence taking out my entries. However, price still hadn't broken supply so I didn't invalidate my setup as I looked into re-entering the shorts. Price took out my previous entries and rallied back to supply for a retest to accumulate more sell orders to push price lower. Took sell re-entries during London session at 1721.54 with SL at 1731.50. Setup taken is a rally base drop, a reversal setup and my target still remains the same at 1658.00 as I wait for the break of the H1 low at 1705.31 to confirm a shift in market structure to bearish either today during NYSE or tomorrow as we wait for the Non-farm Payrolls report.

  Good evening traders, I hope you're well and your day is good. Into the charts today I've been looking into XAUUSD since the start of the week as markets opened and price continued strongly bullish from last week's bias. Price rallied to a key H1 & H4 supply zone at 1731.49 & 1721.54 which is the origin of the previous drop to demand at 1635.83 & 1620.21. Price has filled the major range from the key H1 & H4 supply zone to demand and back to supply. Price rallied into supply, formed rejection wick followed by candle close inside supply then a strong drop away from supply in 3 large bearish candles showing strong bearish momentum.  Took sell entries during NYSE at 1713.10 with SL at 1721.77 after closing my 1723.00 entries pre-maturely. Setup taken is a drop base drop, a continuation setup and my target is at 1658.00 the next H1 low and 1st minor range fill.

  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...