{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audusd-fires-1hr-pin-bar-daily-key-level-flip-3-oct-2014\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audusd-fires-1hr-pin-bar-daily-key-level-flip-3-oct-2014\/","headline":"AUDUSD Fires Off 1hr Pin Bar at Daily Key Level Flip | 3 Oct 2014","name":"AUDUSD Fires Off 1hr Pin Bar at Daily Key Level Flip | 3 Oct 2014","description":"The Aussie (AUDUSD) has fired off a false break pin bar on the 1hr chart that is rejecting a key daily price flip level. This pin bar was formed during the last few hours of the US session and price is now stalled at the started of the Asian session. As the daily chart shows […]","datePublished":"2014-10-03","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:\/\/forexschoolonline.com\/wp-content\/uploads\/2014\/10\/1-hour-Aussie-pin-batr.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2014\/10\/1-hour-Aussie-pin-batr.png","height":556,"width":880},"url":"https:\/\/forexschoolonline.com\/audusd-fires-1hr-pin-bar-daily-key-level-flip-3-oct-2014\/","about":["Featured Articles"],"wordCount":264,"articleBody":"The Aussie (AUDUSD) has fired off a false break pin bar on the 1hr chart that is rejecting a key daily price flip level. This pin bar was formed during the last few hours of the US session and price is now stalled at the started of the Asian session. As the daily chart shows below, price has been smashed lower of late as I discussed earlier in the week in the 30 Sep Daily Market Commentary with price losing over 600 pips in he last three weeks alone. As I went through in that post; the best way to play these types of markets where there is a clear and obvious trend in place is to look for setups with the trend at key value points, rather than to try and fight against it.As the 1hr chart shows below; this pin is not only rejecting the daily key resistance and price flip level, but it is also making a false break of the recent 1hr resistance level.\u00a0There is a bit of traffic below the pin bar for price to\u00a0get\u00a0through, but if price can break lower, the near term support looks to come in around the\u00a00.8773 level.If price moves higher and above the pin bar high, a new short term trend could be on the cards that I discussed to watch out for in the market commentary earlier in the week on the Aussie. AUDUSD Daily Chart AUDUSD 1hr Chart  Related Forex Trading Education– How to Trade False Break Pin Bar Setups * Live Price Action Video Setup*"}