DislikedI know that this isn't a textbook pinbar, but it does represent a firm rejection from the major PPZ. Could this mean that we're headed back to the midpoint of this box?
(Second picture specifically for Mike- We're in a box!)
EnderIgnored
I would not trade this at all for a short, AS a pinbar. It really isnt a pin bar but does, as you point out, reflect some rejection. In fact, if I was going to trade this pair, I would go long @ ~ 1.2800 with the expectation that Friday's high will be taken out on Monday. Remember, a pin bar needs to have its open and close within the prior bar's body.
Notice how Friday found support at ~1.2792? Using Friday's daily bar as an example, I would want it's close to be at the very least below 1.2800 and would really be on board if it closed below 1.2792.