PriceActionTrading

H4 AUDSGD SHORT. NOW'S THE TIME?

Short
FX_IDC:AUDSGD   AUSTRALIAN DOLLAR / SINGAPORE DOLLAR
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1
H4 close above 1.0850 will invalidate this trade.
Wait for H4 bearish pin bar to form to enter this trade. pin bar must be more than 30 pips, cutting the 1.0850 line and bearish in nature.
More conservative traders can wait for a D1 pin bar confirmation.

Comments

H4 Engulfing bar already spotted and D1 gravestone pin bar spotted.
However, i have not entered this trade as i have entered a more favourable AUDUSD sell trade.
Good trade guys.
Reply
A D1 close above 1.0850 could turn the 1.0850 resistance into support. Pushing the price higher for the next few days. Thus a D1 pin bar confirmation is more recommended, H4 bearish pin bar for traders who take on more risk.
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