TheTradingPulse

TheTradingPulse

GBPJPY 4H, On 23rd or September we noticed a massive 6.52% drop of GBPJPY. During the drop, the market has created an imbalanced zone. During the market open yesterday GBPJPY has managed to regained some of its bullish momentum. Is this bullish impulse a temporary correction before the continuation of a further bearish move? Today, GBPJPY is moving north...

TheTradingPulse

XAUUSD 4H, We still have a bearish outlook for GOLD. However the Daily bearish range yesterday was only 288 pips. With that range we could possibly see an intraday retracement today. We would need a 4H break above 1631.43 to see a Gold move up to the premium areas for more sellers to come in. Currently we would look for short buys. The range of our buy positions...

TheTradingPulse

EURGBP Weekly, Over the last two weeks EURGBP has managed to made an impulsive move to the upside after breaking an area of resistance that started in the month of May. The price has now reached the previous neckline. We will now wait for a bearish environment on 4H or an internal break of structure in the LTF to short on this pair. Usually after a strong impulse...

TheTradingPulse

XAUUSD 4H, During the release of FOMC, XAUUSD swiped for liquidity at the discount zone and went up the the premium zone. On the intraday perspective it did not manage to go beyond the equilibrium area which was set on the 18th of September. The bigger trend for XAUUSD is still bearish despite FOMC. Today we would need to see daily close below 1660.29 for XAUUSD...

TheTradingPulse

XAUUSD 4H, Yesterday we were observing the TL, looking to go bearish if there was a break of the TL. As per our plan yesterday we waited until US Session to let the structure develop. We didn't see any setups that was with our risk appetite hence no trades were taken. The price did break through the TL during London session but it went to create and print a new...