Long
TRADE SET UP FOR CAKEBUSD for the Risk takers
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!!!!
Note
For those who followed the set up, the trade is moving towards our target. maybe book some profits or move your stop loss up to book profits in case the set up fails.Cheers
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.