is a pair I have come to build some what of a love hate relationship with over the past 6 months. Previously taking shorts at a similar level in January before being annihilated by the flash crash. Luckily I did re enter and caught a lovely 500+ pips. Anyway that's besides the point, currently we are back at this huge resistance zone
, where we saw daily pinbars back to back. This along with a few other confluences prompted me to enter short position, but hey what do you know we get a lovely news release pushing us up and through the zone leaving a slight fake out. On the 18th June we then saw buyers continuing up before plummeting back down engulfing
3-4 days of previous price action! At the time of writing we have just seen another pinbar
printed and left on the daily with a Doji
body. This again, along with other confluences has prompted further short entries for myself!