CHA$E CAPITAL

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...

  Good morning traders, it's been a slow week in the markets but I hope you're watching out for potential setups and being patient. Here's an update on the GBPUSD setup I shared on the previous post. Price formed candle closes inside the zone followed by a strong H1 bullish engulfing candle to 1.26550 showing the bullish sentiment was right but my entry was early and that's how I got stopped out. Took buy re-entry positions during pre-NY session at 1.26504 with SL at 1.26300. Setup taken is a rally base rally, a continuation setup and my target is at 1.27600. Price failed to form candle closes above demand and instead formed a strong H1 bearish engulfing invalidating my bullish sentiment hence closing out my positions.  Took buy re-entry positions during NY session at 1.26418 with SL at 1.26200. Setup taken is a rally base rally, a continuation setup. Price rallied to 1.26700 during late NY session and formed candle closes above demand. Price retraced to retest demand a...

  Good morning traders, I hope you're all doing well and you've had a splendid trading week. Into the markets today I'm looking at GBPUSD where price broke the key H1 & H4 supply zone at 1.26570 & 1.26100 and formed a higher high on H1 & H4 at 1.27000 confirming a potential shift in market structure to bullish. Price retraced to retest the broken H1 & H4 supply zone as new demand before a continuation of the prevailing bullish trend. Took buy positions during London session at 1.26500 with SL at 1.26300. Setup taken is a rally base rally, a continuation setup and my target is at 1.27700, the major H4 high and supply zone for the major H4 range to be filled.   

  Good morning traders, I hope you're all doing well and are actively participating in the markets. Into the markets today I'm looking at GBPUSD where price broke a key H1 & H4 demand zone at 1.26560 & 1.26100 which was the origin of the previous rally to the major H1 & H4 supply zone at 1.27900 & 1.28450. Price filled the major H4 range from the key H1 & H4 demand zone to the major H1 & H4 supply zone and back to the key H1 & H4 demand zone. Price broke the key H1 & H4 demand zone and formed lower lows at 1.25300 then retraced back to retest the broken demand as new supply before a potential continuation of the drop lower. Price rallied back to the zone at 1.26100 and formed a rejection with candle closes below supply showing a potential bearish reversal. I anticipate a strong drop from this zone for a potential continuation of the prevailing bearish trend and my target is at 1.25000. Price gained more bullish momentum during London session and ...

  Good morning traders, it has been an eventful week in the financial markets with most Central Banks releasing their interest rate policies from the Federal Reserve to the Bank of England and the most recent being the Non-farm Payroll that was released yesterday. The Federal Open Market Committee (FOMC) maintained their interest rates at 5.50%. This caused a bearish reaction on the dollar caused a drop on all pairs USDXXX eg USDCAD, USDCHF, USDJPY and caused a bullish reaction on all pairs XXXUSD eg EURUSD, GBPUSD, NZDUSD. However it's important to note that there has been dollar strength since the start of the year with dollar index (DXY) rallying back to 103.000 levels. The U.S Bureau of Labor Statistics reported that the total nonfarm payroll employment rose by 353,000 in January and the unemployment rate remained at 3.7%. This caused a sharp rally in the dollar index (DXY) with market closing the trading week yesterday at 103.560. This caused a sharp decline in all pairs that ...

  Good morning traders, I hope you're all doing well and have already been actively trading as the volume in the markets is back. Into the markets today I'm looking at EURUSD which I have been in a swing position since the CPI release for this month. Price had been in consolidation between the key H1 & H4 supply zone at 1.10535 & 1.09911 and the H4 demand zone at 1.09042 & 1.08726. Price dropped to the H4 demand zone then rallied back to the H1 & H4 supply zone at 1.10535 & 1.09911 which was the origin of the previous drop to the H4 demand zone at 1.09042 & 1.08726. Price filled the H1 & H4 range from the H1 & H4 supply zone to the H1 & H4 demand zone and back to the H1 & H4 supply zone. Price rallied into supply during the CPI news release last week and formed strong rejections on H1 & H4 with candle closes below supply followed by  a strong drop in 3 H4 bearish candles. Took sell positions during NY session at 1.09900 with SL at 1....

  Happy New Year everyone, it's been a good 2023 with its own ups and downs but we made it to the end and still emerged victorious in different aspects of our lives. As I welcome 2024, I'd like to celebrate the success of this blog with currently over 140 posts since I started it and still growing bigger and better. I also celebrate 2 years of the private Chase Capital discord which I started in January 2022 as a simple idea and now has more than 700 trading setups and analysis that I have shared over time showing my growth and experience in my trading journey. Trading is not easy and is not a get rich quick scheme. To succeed in trading you'll have to put in the work and deal with stress, losses, fear, doubts, mental torture, late nights and early mornings, deep study and back-testing among many other things in the trading journey. I have had my fair share of all the above mentioned aspects and more that I talk about deeply in my private Chase Capital discord and I have se...

  Hello traders, I hope you're all doing well and you're ready for this new trading week and also last trading month of the year 2023. This week is flooded with fundamental news releases from CPI to FOMC and PPI news and they all have high impact on the markets. Into the week I'm looking at GBPUSD where market opened this week at 1.25460 and then rallied to 1.25900 forming a lower high during Asian session into mid-London session. Price formed a lower high and failed to break it and instead reversed and dropped to 1.25465 during NY session forming a lower low confirming a potential continuation of the bearish sentiment. I anticipated a continuation of the drop lower with more confirmations when price breaks the H1 lower low at 1.25000 and fills the range back to H1 & H4 demand zone at 1.24600 & 1.24000. Price dropped 50 pips from the H1 lower high back to H1 low at 1.25400 and failed to break it during London session into NY session hence retracing back to the previ...

  Hello traders, I hope you all had a great weekend and you're ready for the new week in the financial markets. Into the markets today, I'm looking at my last week's pair NZDUSD where market opened the week with price rallying back to the major H1 & H4 supply zone at 0.60474 & 0.60283 during Asian session. Price filled the minor H1 range from the major H1 & H4 supply zone to the H1 & H4 low and back to the H1 & H4 major supply zone. Price rallied into supply and formed a rejection wick with candle closes below supply on H4. Took sell positions during London session at 0.60294 with SL at 0.60600. Setup taken is a rally base drop, a reversal setup and my target is at 0.59000. Price rallied deeper into supply putting my positions in drawdown. Price rallied to 0.60400 then dropped and formed a H4 bearish engulfing candle with candle close below supply followed by a 20 pips drop to 0.60100. Price left a a rejection then rallied back deeper into supply during ...

  Good evening traders, it's quite a chilly evening and I hope you're all warm and locked in the markets as they have started the week with tremendous moves especially after yesterday's CPI news release and today's PPI report release. Into the markets today, I'm looking at NZDUSD where price rallied from a key H1 & H4 demand zone at 0.58900 & 0.58657, rallying 180 pips to the key H1 & H4 supply zone at 0.60474 & 0.60283 which is the origin of the previous drop to the H1 & H4 demand and the major H4 demand zone at 0.57985 & 0.57794. Price has filled the major H4 range from the H1 & H4 demand to the previous H1 high at 0.60000 and back to the major H1 & H4 supply zone. Price rallied into the key H1 & H4 supply zone and formed rejections with candle closes inside supply followed by a drop in a H4 bearish engulfing candle with candle closes below supply. Took sell positions during NY session at 0.60480 with SL at 0.60780. Setup taken ...