TuPaid_Shakur

TuPaid_Shakur

OANDA:XAUUSD Is currently in a bearish flag channel after reaching a record high with investors flocking to safe haven assets amidst fiscal issues. A rising wedge pattern has formed within this channel. This pattern is a bearish pattern signifying a reversal. This bearish confirmation (rising wedge) within a bearish flag is confirmation of a potential move to...

TuPaid_Shakur

XAUUSD is consolidating forming a pendant pattern which usually signifies a continuation. This is the third touch on the upper trendline so we are expecting another touch on the lower trendline before bullish continuation. Quite a risky trade is it might breakout on the upside at any moment, but the technical analysis favors a short at the moment. OANDA:XAUUSD ...

TuPaid_Shakur

Expecting a breakout from pattern. The break of previous resistance turned support will be confirmation for the short. Safest trading plan is to enter a short position upon retrace.

TuPaid_Shakur

Expecting a breakout from pattern. The break of previous resistance turned support will be confirmation for the short. Safest trading plan is to enter a short position upon retrace.

TuPaid_Shakur

Big short incoming! Break out pattern has formed, taking a short upon retrace.

TuPaid_Shakur

USD RISE? FOLLOW THE FORMATION OF THIS HEAD AND SHOULDER PATTERN. WHEN RIGHT SHOULDER REACHES NECKLINE AND BREAKS, THIS FORMATION BECOMES VALIDATED.

TuPaid_Shakur Updated 

Price has been bouncing of the trend lines, respecting them as areas of value. There is no sign of a potential reversal, uptrend momentum is still strong. Should be an easy trade, however the market doesn’t always move the way we expect it to. Follow my page for more ideas. This is merely my own trade Idea and should not to be taken as financial advice.

TuPaid_Shakur Updated 

Price action has formed an ascending triangle. These usually play out either way: meaning they could either be a continuation or a reversal signal. In this particular case, the fundamentals are all pointing towards an increasingly weakening USD so we can count on OANDA:XAUUSD prices going up quite substantially. I have a pending order to avoid any fakeouts...

TuPaid_Shakur Updated 

Price action seems to be forming a possible head and shoulder formation. Probably forming right shoulder now. Giving traders short term trade opportunities. Waiting for price to touch neckline to get confirmation of head and shoulder formation.

TuPaid_Shakur Updated 

The right shoulder has been formed. Creating a reliable head and shoulder pattern. Given the angle of the neckline, this seems to be a strong reversal signal. Possible downtrend to follow. Wait for confirmation before entering position. Break of neckline 1st Confirmation. For further confirmation traders may wait for retest of neckline and if resistance holds,...

TuPaid_Shakur

Following retracement to the trend line which has become strong support the pair is most likely to rise up to indicated level.