ProFX_Strategist

ProFX_Strategist

Best regards.

ProFX_Strategist Updated 

We shall trade it down, & then buy it back up... Best regards.

ProFX_Strategist

Crude Oil; First up, & then down (this is how I will plan to trade it)... *Bear in mind that my bias is more to the Short side for now, than the Long side... (Longer term wise, crude oil might be able to touch 60 per barrel (whether true or not I do not know); but it certainly looks like it has to go down lower, & perhaps touch 44 per-barrel, in this cycle for...

ProFX_Strategist

Dear traders..., it looks like there is potential for crude oil to pullback to some upside... Placing a small Long trade on this for now... (Price could go slightly down & reverse, or it will just start reversing from here...) *Target is not cast in stone; I'll be prepared to take profits... (It is hard to try to predict the next thousand pips move; this trading...

ProFX_Strategist

This is just an idea (of mine) about what is going to happen... Best regards.

ProFX_Strategist

Dear traders, maybe this could be a powerful incoming Long... (Look at how the wave structure is changing & preparing for a very strong reversal of sort...) Best regards.

ProFX_Strategist

1st Short it, than Long it later on... (This is how I would plan to trade this...) (However, not set in stone though...; Gold might just continue a very-strong rally to a brand new high; right from this current price level... Who will know...) But typically I would expect a corrective structure to take place before a new impulsive rally... :) Thank you...

ProFX_Strategist Updated 

Dear traders; I have decided to take a Short trade in crude oil... Best regards.

ProFX_Strategist Updated 

Dear traders, the following are what I observed; (Overbought signal): Price is at the upper BB MA (bluish/green color), as such, price will most probably pullback... Stoch, Stoch RSI, & RSI all touching sell zone signal... MACD looks prepared to turn back downwards... Price target is not cast in stone (I will take profit anytime when see fit)... Best...

ProFX_Strategist Updated 

1-hour chart: Dear traders, there is a high-probability pullback from what I can see... Firstly, the Stoch, Stoch RSI, & RSI indicators are now very close to the sell-signal zone... The MACD indicator looks like it wants to turn back down again... In addition, (as you can see) the price is also at the top of the BB MA channel (touching the top-most MA -...

ProFX_Strategist Updated 

The Stochastic, Stochastic RSI, & RSI are all flashing green "buy signal"... The MACD is quite-strongly suggesting a price rebound upwards again very soon... Additionally, the Ichimoku bright-green MA is drifting the price too far away from the bright-red MA (& then the price is also offset from the bright-green MA by a significantly wide margin); as such, the...

ProFX_Strategist Updated 

Dear traders, I'm seeing a potential pullback to some upside... The Stochastic, Stochastic RSI, & RSI are indicating a buying opportunity... But the MACD is not so convincing/supportive about going up though..., but the MAs has just turned up from the low zone (-1.000) & will most probably just snake their way higher up... Last but not least, the Ichimoku...

ProFX_Strategist

These indicators are also excellent for scalping on low time-frames (like 1min chart); I tested them & they proved to be reliable (in getting some pips here & there in volatile/ranging/sideways market movements)... But I'll also be using them to analyse longer term time-frame charts (e.g. 1hr & above)... The basic concept is to identify overbought & oversold...

ProFX_Strategist

4-hour chart. *Trade can be closed manually at a profit, anytime (when I see fit). Best regards.

ProFX_Strategist

1-day chart. *Trade can be closed at a profit anytime (when I see fit). Best regards.

ProFX_Strategist

30min chart. *Trade can be closed anytime to collect any profit (when I see fit). Best regards.

ProFX_Strategist

Dear traders, I'm seeing more bullish signs for this pair...; Bright-green MA crossed over bright-red MA not long ago & looks like it can go further... (Bullish.) Ichimoku displayed a buy-signal a while back (magenta colored arrow pointing up)... AO/MACD started printing bullish divergence... RSI is bullish (above it's 50% neutrality level & not in overbought...

ProFX_Strategist Updated 

"The Ichimoku indicator gave a very nice sell-signal right at the top of the current downtrend (as you can see; the magenta color arrow pointing down)..." Dear traders, we should expect a pullback for this pair (for now)...; expect a pullback to the cloud-resistances above (which is now quite strong, & would be hard for the price to break-back above it once...