Hello everyone,
Just wanted to share this trade set up on CAKEBUSD.
There is a bulish divergence on the 4h candle and RSI looks like is going above 50, the set up is a 1/2 Risk/Reward but is a bit risky because candles are still below the 200MA, make sure you use good position size if you are entering the trade.
Let me know your opinions on this.
Cheers!!!!
Just wanted to share this trade set up on CAKEBUSD.
There is a bulish divergence on the 4h candle and RSI looks like is going above 50, the set up is a 1/2 Risk/Reward but is a bit risky because candles are still below the 200MA, make sure you use good position size if you are entering the trade.
Let me know your opinions on this.
Cheers!!!!
Cheers