FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
Bearish pin bar at resistance.
Price has been making lower highs.
Overall bearish on USD now.
Will have prefer the pin to form at 1.3400.
Warning: there is an opposing pin and near term support around 1.3280.

Appreciate any differing views by giving your comments below.
Might even dip lower, looks good.
IvanLabrie IvanLabrie
As for the stop PriceActionTrading mentions, yes, this is very aggressive, but might work well.
Hi casey,
Price in between 200sma and key resistance level. Expect some bounces in between until defined trend is formed.
the two opposing D1 pin bars already show for itself the future consolidation potential. IMO if you have to short it, place stop above 1.3400.
Just my view. Thanks casey.
+1 Reply
PriceActionTrading PriceActionTrading
Forgot to attach chart
Casey_Yeo PriceActionTrading
Thanks PAT for your view. I dont use 200 MA but am aware of the near term support. Will see how the price acts on Monday.
+1 Reply
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