{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/asx200-fires-off-false-break-pin-bar-reversal-17th-dec-2015\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/asx200-fires-off-false-break-pin-bar-reversal-17th-dec-2015\/","headline":"ASX200 Fires Off False Break Pin Bar Reversal | 17th Dec 2015","name":"ASX200 Fires Off False Break Pin Bar Reversal | 17th Dec 2015","description":"The ASX200 or the\u00a0S&P200 which is the Australian stock index has fired off a false break pin bar reversal trigger signal which has sent price on a move higher. Carrying on from the new method Friday where I showed you the\u00a0Friday Forex Market Moves | 11th Dec 2015\u00a0I am going to put more emphasis on […]","datePublished":"2015-12-17","dateModified":"2019-08-06","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/12\/aus2002.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/12\/aus2002.png","height":"678","width":"1294"},"url":"https:\/\/forexschoolonline.com\/asx200-fires-off-false-break-pin-bar-reversal-17th-dec-2015\/","about":["Price Action Charts in Focus"],"wordCount":381,"articleBody":"The ASX200 or the\u00a0S&P200 which is the Australian stock index has fired off a false break pin bar reversal trigger signal which has sent price on a move higher.Carrying on from the new method Friday where I showed you the\u00a0Friday Forex Market Moves | 11th Dec 2015\u00a0I am going to put more emphasis on the charts which is going to hopefully educate you faster and in a way you can put what you are learning more practically into your charts. Daily to 3 Day ChartWhen I post a different time frame chart such as a 2 hour, 6 hour, 12 hour, 2 day or 3 day chart like I am discussing today, I get asked two questions normally which are;                                                        “How do you come up with a trade using these different time frames?”                                                    I discuss my routine which is the cornerstone for my trading success here; Daily Routine of Forex Trader Johnathon Fox. In that lesson I discuss exactly how it is I go through my charts and work through the different time frames from the daily down to the intraday.As I am flicking through my charts I am looking for trigger signals. If I see something such as a 2 bar or some sort of potential candle setup, then I will blend these candles by putting them together on the next time frame and seeing what they look like. Sometimes the next time frame is not available and this is where the MT4\u00a0Time Frame Change Indicator comes in super handy.                                                        “How do I change my MT4 charts to make different time frames like you?”                                                    As I just went through above answering the last question; I change my MT4 time frames using an indicator called\u00a0MT4\u00a0Time Frame Change Indicator. This indicator is super handy and allows any time frame to be changed from the 1 min onwards.I used the\u00a0MT4\u00a0Time Frame Change Indicator\u00a0to make a 3 day chart of the ASX200 to see that a false break pin bar had formed. If price can continue it’s move higher, then the next major level looks to be around the\u00a05112.00 area. 3 Day\u00a0Chart – False Break Pin Bar 3 Day Chart – Major Daily Level Daily Chart – Overhead Resistance Related Forex Trading EducationMT4\u00a0Time Frame Change Indicator"}