Disliked{quote} This system is not for 1 hour chert, only for 4 hour and dailyIgnored
I would like some help in a trade setup. I am not trading, at this moment. I am still learning, so please comment. This candle is still open, but it looks like a good possible setup. I do not know how to add an image directly.
Here is my take on this setup. The Positive
Arrow A - Good cross above Yellow line with a strong slope.
Arrow B - Stoch very near 50 (although I get a feeling 80 is preferred by some for 1H TF)
Arrow C - Candle currently above PAC. Needs to close above, but it is promising.
Arrow D - EMA is down and close, but far enough for a good profit.
Line E - Possible resistance still quite far. Possibility of good profit.
H4 on multimeter is green
PA quite flat, possible breakout coming.
The Negative.
H1and D1 on Multimeter is Red
Arrow D - Trend is down. Big worry here and possible enough reason to pass on this trade.
Is there anything I am missing? Thanks guys.