CHA$E CAPITAL

  Good morning traders, it's the last day of the month and it has been quite a month with lots of opportunities in the markets. As the month ends, I am looking at GBPUSD for potential trades for the week. Price rallied into a major H1 & H4 supply zone at 1.34300 & 1.33980 which is the origin of the previous major drop to the H4 low at 1.33150. Price filled the H1 & H4 range from the major H1 & H4 supply zone to the H4 low at 1.33150 and back to the H1 & H4 supply zone. Price rallied into the zone and formed candle closes inside supply followed by a strong H1 bearish engulfing candle with candle closes below supply. Took sell positions during London session at 1.34000 with SL at 1.34350. Setup taken is a rally base drop, a reversal setup and my target is at the H4 low at 1.33150. Price gained bearish momentum dropping 50 pips to the 1st H1 low at 1.33670. Price failed to break the H1 low and instead retraced to 1.33900 forming a lower high on H1 before a continua...

Good evening traders, it's a new week in the financial markets and we'll start it with an update of our previous swing positions on USDCAD.   Price consolidated after breaking the previous H1 & H4 high and forming higher highs at 1.35700. Price retraced and formed a higher low at 1.35500 before a continuation of the rally higher. Price gained more bullish momentum and rallied higher forming higher highs and rallying to 1.36150 just below the major H4 & daily supply zone at 1.36180 & 1.36600 which was my target for the trade.

Good evening traders, it's another great Thursday with opportunities in the markets after multiple targets from our previous trades got hit. Into the markets today I am looking at USDCAD where price dropped into a major H4 & daily demand zone at 1.34712 & 1.34400 filling the major daily range. Price dropped into the major H4 & daily demand and formed multiple candle closes inside demand followed by a bullish push to 1.34800. Price then retraced back into the demand zone and formed candle closes inside demand followed by a bullish push out of demand. Took buy positions during NY session at 1.34619 with SL at 1.34300. Setup taken is a drop base rally, a reversal setup and my 1st target is at 1.35800 and my major target at 1.36170 which is the next major H4 & daily supply zone and also the origin of the previous major drop.   Price rallied out of demand by a constant push away from demand forming higher highs on H1 & H4 at 1.35050 with candle closes above demand. P...

  Hello traders, it's another day of the trading week in the financial markets and I am looking out for new opportunities into USDCHF. Price dropped from a major H1 & H4 supply zone at 0.86940 & 0.87330 to a key H1 & H4 demand zone at 0.85680 & 0.85340. Price broke below the key H1 & H4 demand zone and formed lower lows on H1 & H4 at 0.85160. I anticipate a potential retest of the broken demand zone as a new supply zone before a continuation of the prevailing bearish trend. Price formed a lower low during late NY session then retraced to 0.85250 then dropped back again and dropped back to the H1 & H4 lower low. I still anticipate a potential rally then retest of 0.85330 before a potential continuation of the drop lower. Price consolidated below supply without forming any strong lower lows then retraced to retest supply at 0.85330 as previously anticipated before a continuation of the drop lower. Price formed a rejection wick on H1 & H4 with candle cl...

  Good evening traders, it's a cool Tuesday NY session where I am watching the markets for opportunities in various pairs and I've come across USDCAD for a potential opportunity. Price dropped into a major H4 & daily demand zone at 1.36600 & 1.36155 which was the origin of the previous rally to the major H4 & daily supply zone at 1.38820 & 1.38190. Price has filled the major H4 & daily range from the major H4 & daily demand zone to the major H4 & daily supply zone and back to the major H4 & daily supply zone. Price dropped into the major H4 & daily demand zone and formed a rejection wick with candle closes inside demand followed by a slight bullish push on H1 & H4. Took buy positions during NY session at 1.36230 with SL at 1.35870. Setup taken is a drop base rally, a reversal setup and my target is at 1.37340. Price formed candle closes inside demand followed by a slight bullish push to the 1st H1 high at 1.36400 and failed to break above...

  It has been quite a week in the markets with multiple fundamental news happening like the release of the interest rate cut by the Reserve Bank of New Zealand, the U.S Consumer Price Index (CPI) and Producer Price Index (PPI) which have fundamentally affected markets. The NZDUSD pair dropped significantly after the rate cut happened and we've also seen dollar weakness across the week. As per market close on Friday, the dollar index (DXY) closed the week at 101.978 forming new lower lows. XAUUSD closed the week forming all time highs at 2508.20 with strong bullish momentum. EURUSD and GBPUSD rallied strongly as well closing the trading week at 1.10280 & 1.29450 respectively.  Looking into the new week, we'll be expecting to see a continuation of the rally on pairs like EURUSD and GBPUSD and a continuation of the drop lower on pairs like USDCAD and the dollar index (DXY).

  Good morning traders, here's another setup on a pair that I've been watching out for this week which is GBPUSD. Price rallied to the major H4 supply zone at 1.28460 & 1.27940 filling the H4 range from the major H4 supply zone to the H4 demand zone at 1.27080 & 1.26650 and back to the major H4 supply zone. Price formed a fake breakout on H1 & H4 with candle closes above supply but on the daily formed a rejection wick with candle closes inside supply followed by a drop back into the zone. Took sell positions during London session at 1.28408 with SL at 1.28800. Setup taken is a rally base drop, a reversal setup and my target is at 1.27100.