CHA$E CAPITAL

  CADJPY price rallied back to retest the BOS level on H1 & H4 at 106.700 & 106.430, taking out my entries and hitting SL. Price formed wick rejections inside BOS, candle closes inside BOS followed by a slight drop away from the bearish BOS confirming the bearish sentiment. Took sell re-entries during London session at 106.480 with SL at 106.750. Setup taken is still a drop base drop a continuation setup with my target still being at the next low at 105.180. Price retraced back to the H1 BOS during the FOMC news release, formed rejection wicks followed by a strong drop away from BOS showing high bearish momentum during London session into NY session confirming the bearish sentiment. Price dropped 200 pips to 104.595, taking out the previous H1 low and target, forming a lower low on H1 & H4 and still showing more bearish potential till the next demand level on H4 and the daily chart at 103.703 & 102.587.

Good evening traders, I hope you're all okay and have taken advantage of the momentum in the markets seen after the FOMC news release which I'll talk about in a short while. However, GBPJPY price rallied back into BOS, breaking it and rallying to the previous H1 & H4 high at 166.100 where price failed to break it, formed a strong rejection wick on H1 & H4, candle close followed by a strong drop in price confirming the shift in market structure to bearish. Price first dropped 140 pips to the previous H1 BOS, retested it then continued with the drop to the next H1 & H4 low at 163.000 which was my target for the shorts I previously took, a 280 pips move. I missed the move after price rallied back to BOS and broke past my level on interest at BOS level but price reversed at the next H1 high and dropped to my target at 163.000.

  CADJPY price dropped from the major supply level on H1 & H4 at 107.541 & 107.080 to the 1st H1 low at 105.180, a 230 pips drop. Price then reversed and rallied back to the bearish BOS on H1 & H4 at 106.700 & 106.430. Price rallied into the BOS, made a slight drop to 106.130 then rallied back into BOS. Price formed rejection wicks on H1 followed by a strong push down in 2 large bearish candles showing bearish momentum. Took late sell entries during NYSE at 106.082 with SL at 106.390 (30 pips) as I missed optimum entries when price was inside BOS.  Setup taken is a drop base drop a continuation setup and my 1st target is the H1 low at 105.180.

  Good morning traders, I hope you're okay and doing well. Today I'm looking at GBPJPY where price dropped from a bearish BOS on H1 & H4 at 166.120 & 165.860 to 163.100, forming a minor bearish BOS on H4 at 165.140 & 164.700. Price rallied from the low at 163.100 back to the H4 BOS at 165.140 & 164.700. Price formed strong rejection wicks on H1 & H4, candle closes inside BOS followed by a slight drop. Took sell entries during pre-london session at 164.840 with SL at 165.240 (40 pips). Setup taken is a drop base drop, a continuation setup. I anticipate a continuation of the drop back to the low of 163.000 as my target.   Price rejected the BOS level forming wicks followed by a drop in price to 163.600 confirming the bearish sentiment, having my target at the next H1 low at 163.000. Price dropped 120 pips to 163.600 just near the H1 low, missing my 163.000 target by 60 pips, then rallied back to BOS later into the NY session. 

Hello traders, I hope your weekend was great, some warmth from the long lost sunshine during this cold month. Diving into the markets, GBPUSD price rallied back to supply level on H1 & H4 at 1.20595 & 1.19970 which is the origin of the previous drop to 1.17770. Price tapped 1.20595, formed a strong rejection wick on H1, candle close inside supply followed by a drop in price put of supply. Took impulse sell entries during Asian session after market open at 1.20046 with SL at 1.20320. Setup taken is a rally base drop, a reversal setup and my target is at 1.18200. Price faked out a drop in price to 1.19533, formed a demand level that failed to break, followed by a strong rally, breaking supply and hitting SL hence invalidating my setup. SL HIT. LOSS -30 PIPS

  Good morning traders, I hope you're alright and doing well. Today GBPUSD price rallied to supply level on H1 & H4 at 1.25095 & 1.19970, a previous bearish BOS level and origin of the previous drop to 1.17805. Took sell entries during London session at 1.20243 with SL at 1.20550 (30 pips). Setup taken is a rally base drop, a reversal setup and my target is at 1.18810 the first H1 low. Price rallied back to entry inside supply zone, then dropped by a constant push away from supply to 1.19561 (65 pips). Price retraced to retest supply at 1.19970, formed rejection wick and a candle close below supply followed by another drop showing continuation of the bearish trend. Price dropped 100 pips to the 1st H1 low at 1.19230 then spiked back to supply during NYSE. Price rejected 1.19970, followed by a drop with high momentum to 1.19970 and was still showing more bearish potential.   Price failed to break the H1 low at 1.19205, forming a minor double bottom on H1 then ralli...

Hello traders, I hope you're all doing well. It's another week in the markets to catch some market moves and pips as that our sole task in the charts. XAUUSD price dropped to a demand level on H1 & H4 at 1710.45 & 1701.40 which is the origin of the previous rally to the 1st H1 high at 1743.04. Took buy entries during NYSE at 1711.37 with SL at 1703.04 after several failed attempts to take the buys at a decent entry place. Setup taken is a drop base rally, a reversal setup and my target is at the next H1 high and supply at 1742.57. Price faked out a rally put of demand then dropped back into demand and below my entries putting my trades in drawdown and eventually hitting SL taking out my entries. Closed out on my entries and took re-entries next day during London session at 1707.58 with SL at 1700.23. Price faked out a rally out of demand, followed by a strong drop in price that saw a break of demand and continuation of the drop to 1680. Price got to 1680 then reversed a...