On a daily basis, this kind of signal ( shooting star , or pin bar ) rejecting prior levels may cause an immediate fall to prior support.
Personally I am waiting for some kind of pullback, i.e. entry short at 61.8 Fibo of the last swing.
For more information about my trading style, watch my YouTube channel: http://bit.ly/17jWiog
or watch my analyses on Tradingview.com. Petr
Throughout the Aug, AUDUSD behaved abnormal (my personal view as I trade this pair most) and the formation of this daily PIN bar is due to the resignation of Fed chairman and then USD trying to fill the gap. However we should watch a day more here.