This chart is simple just as AUDUSD making a "V" without a stop. This is not happen very often, but once it happans, it silly to make any short trades again and again with your stop loss hit again and again, perhaps you dont even have a stop loss just keep bleeding.
For this pair, still easy to trade on daily chart and we mark on the chart already, hopefully help.
@Julian-sands, I think because of pressure of the monthly time frame. It just get into the ichimoku clouds. I mean it just broke an important resistance and completing the monthly divergence in MACD.