I consider the doji invalid if there is a close above its high. So far, on the 1- and 3-hour charts, this hasn’t happened. However, I’m getting a bit annoyed with this pair. My trading experience tells me that when a pair, especially one that has been bullish, hangs about at resistance, it often is getting ready to break above it. If it does, my short may become a stop and reverse. We’ll have to see.
© Dianne Fecteau, 2009. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.