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NEW WEEK MARKET OUTLOOK

  Good  morning traders, it's a fresh start of the week and here's a deeply detailed video on the outlook for the week on various pairs, indices and commodities. Enjoy and stay tuned for more.

WEEKLY OVERVIEW MARKET RECAP (EURUSD, USDCAD, USDCHF & GBPUSD)

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  Good evening traders and happy Sunday. I hope you've had an amazing weekend and you're ready for the new trading week from tomorrow. Here's a recap of the week's trades as we focused on EURUSD, USDCAD, USDCHF & GBPUSD as analyzed in the previous post. Into EURUSD, price dropped 120 pips to the H1 & H4 low at 1.11400 and markets closed the trading week at 1.11650. Price shows a strong bearish sentiment into the new trading week as markets move within our working range as it formed lower highs on H1 at 1.12200. I anticipate a potential retracement back to the H1 lower highs before a potential continuation of the drop lower and the 1st target being the H1 & H4 low at 1.10800 and the major target at the next major H1 & H4 daily demand zone at 1.09550 & 1.09100. Into USDCAD, price rallied to the new H1 & H4 higher highs at 1.40000 and failed to break above and instead retraced back to the minor H1 & H4 low and demand at 1.39100 closing the tradi...

MARKET OUTLOOK (EURUSD, USDCHF, USDCAD & GBPUSD)

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  Good morning traders, I hope you're all doing well and welcome on board as we get to look at the various pairs for the week. Into the markets today, I'm looking at EURUSD, USDCHF, USDCAD & GBPUSD for potential trading opportunities. EURUSD price rallied back to the major broken demand retested as a new supply on H1 & H4 at 1.13100 & 1.12600 before a continuation of the drop lower. Price dropped & formed lower lows on H1 & H4 at 1.10800 then retraced back to supply and the previous H1 high at 1.12600 which is the origin of the drop to the H1 & H4 lower lows. Price filled the 1st range from the major H1 & H4 supply zone at 1.13100 & 1.12600 to the 1st H1 & H4 low at 1.10800 and back to the major H1 & H4 supply zone. Price formed strong rejections on H1 & H4 with candle closes below supply followed by a strong bearish push confirming the bearish sentiment. Price has dropped 80 pips and still showing more bearish potential. I anticipate...

KNOW YOUR BROKER EPISODE 1

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  Hey guys, here's a know your broker episode with a review of the various brokers that one can use for trading. In Kenya, there's a list of brokers that are regulated by the Capital Markets Authority and they offer financial markets services. They are : 1. Scope Markets Kenya 2. FX Pesa 3. Exness 4. Pepperstone 5. HFM Markets 6. Ingot Brokers 7. Windsor Brokers 8. IC Markets 9. FP Markets Let's start by learning how to identify a trustworthy brokerage firm. These are the key steps to identify a trustworthy brokerage firm :  1. Licensed and regulated. Are they licensed and regulated by the Capital Markets Authority in the country? One can easily confirm that on the Capital Markets Authority website. 2. Physical location. Do they have a physical location that you can visit in case of any assistance required? 3. Education. Do they have educational services to help their traders and investors to learn how to trade and invest their capital? 4. Deposit and Withdrawal methods. Do...

USDCAD MARKET ANALYSIS

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  Happy New week everyone after the long Easter holidays. I hope it was a great and productive Easter holiday for you all and I welcome you back to the markets with a great setup. Into the markets today I'm looking at USDCAD as price dropped into a major daily demand zone at 1.38840 & 1.38230 which is the origin of the previous rally to the major daily supply zone at 1.44800 & 1.44430. Price filled the major daily range from the major daily demand zone to the major daily supply zone and back to the major daily demand zone. Price dropped into demand and formed multiple rejections with candle closes inside demand on the daily chart but on the H1 & H4 formed fake breakouts. Price formed a strong bullish engulfing on H4 by a constant push away from demand showing a potential bullish reversal.  Took buy positions during NY session at 1.38441 with SL at 1.38000. Setup taken is a drop base rally, a reversal setup and my 1st target is at the 1st H1 & H4 high at 1.39700...

MARKET OUTLOOK AND BACKTESTING SESSION

  Good afternoon traders, it's a beautiful Friday and here's the part two of the market outlook and back testing session carried out last week. This is an educational session for learning how to back test your strategy across various currencies. Listen, learn and enjoy as you get ready for part 3 coming soon. Cheers.

NEW WEEK MARKET OUTLOOK AND BACKTESTING SESSION

  Happy Monday traders, welcome to Q2 and here is a video session showing the new week's market outlook and also a back testing session. In this video, there's also a very brief intro to futures markets. Listen, learn and enjoy. Full video to be posted on Chase Capital you tube at Chase Capital 254.

EURGBP MARKET ANALYSIS

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  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.

EURCAD MARKET ANALYSIS

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  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.

TRADES OF THE WEEK (EURGBP & USDCHF)

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  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...

GBPUSD MARKET ANALYSIS

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  Hello traders, here's another update on GBPUSD from the trades shared on the weekly outlook. Feel free to refer to it and check it out if you haven't. Into the markets, GBPUSD price broke above a major H4 & daily supply zone at 1.26250 & 1.25595 which was the origin of the previous major drop to the H4 demand zone at 1.23800 & 1.23150. Price filled the H4 & daily range from the major H4 & daily supply zone to the H4 demand and back to the major H4 & daily supply zone. Price broke above supply and formed higher highs on H4 at 1.26800 then retraced to retest the broken supply as a new demand before a continuation of the rally higher. Took buy positions during London session at 1.26273 with SL at 1.26000. Setup taken is a rally base rally, a continuation setup and my target is at 1.27800.