BlackGirlTrades

BlackGirlTrades

Looks like a possible Tenkan Sen bounce. Price is slowly moving towards it. The green could be my buy order but then what I'm looking for is for stochastics to show bearish momentum and perhaps a rejection candle around the tenkan sen area

BlackGirlTrades

What we're looking for to happen in the near future: Price to come down to our important level. Either Kijun or Tenkan sen Once price reaches that price level to show signs of rejection near that support (sign that bulls are in power) For stochastic to confirm bullish momentum.

BlackGirlTrades

So for NZDUSD we're in the cloud Theres a flat kijun sen acting as resistance and the future kumo is bearish Waiting to see if a possible bullish trend could form if we see the chikou span shoot lower; free from any candles and the stochastic (which seems like its about to cross) show bearish momentum? (blue below orange)

BlackGirlTrades

Taking a short based on selling pressure and break of POC support.

BlackGirlTrades

Large rejection candle; increased selling pressure. Waiting for price to break past POC( currently acting as a support)

BlackGirlTrades

At important level: Point of Control acting as resistance Seeing multiple rejections off that area Possible developing bearish trend

BlackGirlTrades

Large wick showing increased selling pressure At a important level: Point of Control Price has already broke below the POC