The pair remains in buoyant mood despite closing the week with a slight rejection (A pin Bar). I got a lot of mails from members of my group asking to know if it was reasonable to go short based on the Pin bar from Friday's close and My simple answer was no. First because there wasn't really any confluencing events at the point of the appearance of the Pin bar and Secondly because I prefer going with the more dominant trend. My Price Action Trading Course teaches a lot of things like this, preventing us from pulling the trigger prematurely on dead end setups.
My Recommendation: Wait for Price Action at Resistance 126.96 or there about.
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