{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/false-break-pin-bar-setup-on-daily-chart\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/false-break-pin-bar-setup-on-daily-chart\/","headline":"False Break Pin Bar Setup on Daily Chart","name":"False Break Pin Bar Setup on Daily Chart","description":"One of the most powerful trading signals that price action traders can trade with is the false break pin bar reversal. When traded correctly and from the correct areas in the market, the false break pin bar can be a very high probability trading setup especially when traded on the higher time frames such as […]","datePublished":"2014-03-08","dateModified":"2019-11-26","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\/03\/fb.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2014\/03\/fb.png","height":617,"width":1091},"url":"https:\/\/forexschoolonline.com\/false-break-pin-bar-setup-on-daily-chart\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=6qxDJZXQbSo#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=6qxDJZXQbSo","name":"False Break Pin Bar Setup on Daily Chart","description":"You can also read the Forex trading lesson that explains how to trade the Pin Bar Correctly and where traders normally go wrong with the Pin Bar here: http:\/\/www.forexschoolonline.com\/pin-bar-reversal\/","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/6qxDJZXQbSo\/default.jpg","https:\/\/i.ytimg.com\/vi\/6qxDJZXQbSo\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/6qxDJZXQbSo\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/6qxDJZXQbSo\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/6qxDJZXQbSo\/maxresdefault.jpg"],"uploadDate":"2014-03-07T14:28:15+00:00","duration":"PT12M20S","embedUrl":"https:\/\/www.youtube.com\/embed\/6qxDJZXQbSo","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCs6HbHLnHy-917rhQGSygrQ#Organization","url":"https:\/\/www.youtube.com\/channel\/UCs6HbHLnHy-917rhQGSygrQ","name":"Forex School Online","description":"Forex School Online with Johnathon Fox is the number one website on the internet for traders to learn how to trade Forex Price Action. Through it's free trading videos and extensive online education, Forex School Online is helping traders to throw away their indicators and to learn how to become confident and successful traders with raw price action trading.\n\nFor more information about Forex School Online Forex Price Action Trading Strategies with Johnathon Fox check out www.ForexSchoolOnline.com","logo":{"url":"https:\/\/yt3.ggpht.com\/ytc\/AIdro_k_1g6VjaGMO4eQgR7wV8NN2qfx80rakAsqTHJrWZKrgnQ=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=6qxDJZXQbSo#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=6qxDJZXQbSo#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=6qxDJZXQbSo&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=6qxDJZXQbSo#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":12137}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=6qxDJZXQbSo#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":58}]},"about":["Featured Articles","Vid-com","Video"],"wordCount":324,"articleBody":"One of the most powerful trading signals that price action traders can trade with is the false break pin bar reversal. When traded correctly and from the correct areas in the market, the false break pin bar can be a very high probability trading setup especially when traded on the higher time frames such as the 4hr, 8hr and daily charts.This latest video discusses a live false break pin bar trade played on the daily chart of the AUDNZD that Johnathon posted up in the live trading blog as it formed live at the time and you can read that original post here: AUDNZD Fires Off Live Pin Bar. \u00a0Price on the AUDNZD had been in a clear down-trend before making a retracement higher into a solid swing high. In just under four months, price had collapsed lower over 1,000 pips in the latest move and traders who trend trade were all over this pair looking for short trades on any time frame including the daily chart. It was at this recent swing back high that price fired off a false break pin bar, with price cutting through the resistance and snapping back lower to form the false break.This video also goes through the more advanced aspects of price action trading and why price action traders are not simply pattern traders looking for just candlesticks or “setups” without the price action story and price action. The second half of this video explains how price winds up in this pair after the false break, what it normally means in the Forex market when this happens and how price action traders need to look out for these types of clues on their charts in future.  Related Forex Trading Articles & Videos– Pattern Traders Are Not Price Action Traders– Where Traders Go Wrong With The Pin Bar Please leave your comments or questions in the comments section below or by contacting us\u00a0HERE."}