Possible fake-out?!
Updated
Hello traders. it is wise to keep an eye on the daily candle for it might close back up on the green rising trendline. As you know fake-outs are followed with high volume
Comment
we'd have to wait for the closure of the 4h candle, it probably won't close back up but it's a great idea to keep an I on it.Comment
Indeed ladies and gentlemen, if we adjust the line so it would align perfectly with all of the bottoms since October 2022 we do have a fake-out as the daily candle closed back above it. I would like further confirmation to get in because I am pretty cautious.Trade active
I am in. target 0.0785
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