Akil_Stokes
Short

USOIL: WAITING FOR THE SELL

FX:USOIL   Crude Oil (WTI)
I don't typically watch oil             too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD             trade that I shared with you guys last week caused me to keep one eye open as well.

Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy downtrend I'm not looking to hop on the bullish move late, rather I'd be looking for the next place to reload short orders and see if I can catch the next wave down. Syndicate members I'm going to record a brief video for you outlining this trade so check your emails in a little while. But I think I did a rather good job of trying to be as detailed as possible with all that I see.

I actually think we could go lower at our current point so this one may be worth taking two shots on.
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3
"Plan Your Trade, Trade Your Plan"




Related Ideas

ChrisKock
2 years ago
Akil, I see a bearish RSI divergence on the double top, which might indicate a drop in momentum and bears taking over already at this current level. I wish we would reach your levels for a short opportunity but i doubt it.
+2 Reply
Akil_Stokes TOP ChrisKock
2 years ago
I agree 100%, I think right now is a good selling point as well
Reply
Akil_Stokes TOP ChrisKock
2 years ago
The only thing that concerns me is the depth of the retracement, but that's a personal preference issue ut like you I like the price action we've gotten at that level along with the RSI
Reply
Siyabonga_Ngcobo
2 years ago
counter trend traders in my eyes have a shot to get long with the formation of a Bull bat on the 4 hour based on my rules.
USOIL, BACK 2 BACK BAT PATTERN FORMATION
Reply
Siyabonga_Ngcobo Siyabonga_Ngcobo
2 years ago
snapshot
Reply
moneymaking
2 years ago
Hey, Akil I just wanted to say that your concept of combining harmonics with structure works great. Ya there might be some losers along the way, which I am completely willing to accept. I have learned a lot for your videos and the information that I got from them, has helped me to change and improve my approach at the market, in a positive way. Thank you once again.
+1 Reply
Akil_Stokes TOP moneymaking
2 years ago
Glad I could be of help and that what I've been sharing is starting to come together for you and hopefully others as well
Reply
VeryBeginer
2 years ago
Hi, any idea for this week crude?
Reply
Akil_Stokes TOP VeryBeginer
2 years ago
I'll check it out over the weekend if I have time, but looks like a low risk sell once again
+1 Reply
VeryBeginer Akil_Stokes
2 years ago
thanks :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out