FX:USOIL   CFDs on 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.
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Hi, any idea for this week crude?
Akil_Stokes VeryBeginer
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
thanks :)
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 moneymaking
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
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.
Siyabonga_Ngcobo Siyabonga_Ngcobo
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
I agree 100%, I think right now is a good selling point as well
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
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