CHA$E CAPITAL

Good morning traders, it has been quite a slow week in the markets with little volume and a lot of consolidations in the markets.   We're still holding our swing trades from last week and scaling into positions for this week. Here's a video breakdown explaining the setups for the week.

Good evening traders, GBPUSD is another market that I have been keenly watching out for since leaving the major H4 & daily supply zone at 1.28460 & 1.27950. Price 1st dropped 185 pips to 1.26630 then retraced back to 1.27000 forming another lower high on H4. Price formed a zone on H1 & H4 at 1.27080 & 1.26700 which was a previously broken demand now retested as new supply. Price then gained strong bearish momentum showing a potential continuation of the bearish trend. Price formed a lower low at 1.26150 then retraced back to the H1 & H4 zone to form a lower high before a continuation of the drop lower. I anticipate a continuation of the prevailing bearish trend with my target being the major H4 & daily demand zone at 1.25250 & 1.24840 for the major H4 & daily range to be filled.

  Good evening traders, here is another read for your fine and chilly evening so grab your coffee and lets get to it. Into the markets today I am looking at EURUSD which has been on quite a downtrend with a bit of slow volume. Price formed multiple candle closes above supply then retraced back into the zone. Price gained strong bullish momentum rallying higher at 1.07600 hence hitting my SL and invalidating my setup. Price formed multiple candle closes above the zone hence taking out my positions twice. Price then dropped back into supply and formed candle closes below supply at 1.06890. Price then retraced back to supply and formed multiple candle closes above supply again at 1.07400.  Markets opened this week with price forming consolidations above supply with multiple candle closes above supply. Price dropped back into supply by a strong H4 bearish engulfing candle with candle closes at 1.07000. My bias still remains bearish with my target being at the next H4 demand zone a...

  Good morning traders and happy Juneteenth. Today is a US Bank holiday so all dollar pairs have quite slow movements in the markets. However, here's a video breakdown of what I am looking out for in the markets this week. Stay tuned to listen and learn.

Good afternoon traders, the wait is over and we have finally introduced video market breakdowns which will also be posted on the blog. Here's a video session of last week's trade setups and an outlook into the new trading week. 

  Good evening traders, it's another week in the markets and I hope you're all ready. Into the markets this week, I am looking at EURUSD where price broke a major H1 & H4 demand zone at 1.07280 & 1.07000 and formed a lower low at 1.06730 by close of the trading week last week. Market opened this week with price rallying back into the broken demand for a retest as a new supply zone. Price rallied deeper into the zone at 1.07300 during London session into NY session. Price formed a fake breakout on H1 & H4 with candle closes above supply followed by a strong drop back into the zone. I anticipate a potential bearish reversal after the retest of the zone. Took sell positions during NY session at 1.07280 with SL at 1.07480. Setup taken is a drop base drop, a continuation setup and my target is at the major H4 & daily demand zone at 1.06100 & 1.05900. 

Good afternoon traders, it's been quite a week in the financial markets filled with high impact fundamental releases from the Consumer Price Index (CPI) and FOMC Fed rate decision. Even with the releases, we still managed to take some positions on GBPUSD and NZDUSD. Into the charts, GBPUSD price rallied back to the major H4 supply zone at 1.28480 & 1.27950 which is the origin of the previous drop to the H4 low at 1.27000. Price gained strong bullish momentum after the CPI news rallying to 1.28500. Price formed candle closes above supply followed by a drop in a H4 bearish engulfing candle with candle closes below supply. Price retraced to retest supply before a continuation of the drop. Took sell positions during mid-London session at 1.27950 with SL at 1.28400. Setup taken is a rally base drop, a reversal setup and my target is at the 1st H4 low at 1.27000. Price gained momentum during NY session dropping to 1.27500 confirming the bearish sentiment. Price gained more momentum p...