Possible breakout to the upside !
Cake is trying to breakout the downward channel we have on the hourly chart. Nothing confirmed yet, but if we see a beautiful breakout and retest then that's our trigger for the trade!
Stay sharp! At the same time it could potentially continue the downtrend so beware, trading against the trend, trading reversals are very risky unless you wait for a break of structure, change of character and the more confluences the better!
Stay sharp! At the same time it could potentially continue the downtrend so beware, trading against the trend, trading reversals are very risky unless you wait for a break of structure, change of character and the more confluences the better!
Note
First target met! 4.792 lvl and I think is going to test it again! Second target could be 4.9 but we'll have to see how it plays out!Trade closed: target reached
First target met twitce and almost hit 4.9! I consider this a GG!!! in THE MONEYNote
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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.