{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpaud-rockets-lower-following-pin-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpaud-rockets-lower-following-pin-bar\/","headline":"GBPAUD Rockets Lower Following Pin Bar","name":"GBPAUD Rockets Lower Following Pin Bar","description":"The GBPAUD has smashed lower on the 4hr chart, managing to take out a lot of minor levels and push well lower. This move lower was kicked off by a large false break Pin Bar that set a trap to take the bears out of the market. Once price had pushed passed the lows of […]","datePublished":"2013-04-03","dateModified":"2019-08-05","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\/2013\/04\/gbpaudusud.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/04\/gbpaudusud.png","height":"311","width":"666"},"url":"https:\/\/forexschoolonline.com\/gbpaud-rockets-lower-following-pin-bar\/","about":["Price Action Charts in Focus"],"wordCount":184,"articleBody":"The GBPAUD has smashed lower on the 4hr chart, managing to take out a lot of minor levels and push well lower. This move lower was kicked off by a large false break Pin Bar that set a trap to take the bears out of the market.Once price had pushed passed the lows of the Pin Bar, price got a lot of momentum and ended the session finishing well lower from the daily high.Price is now sitting at the lows that we saw price find support and bounce higher from last time. This bearish momentum has been strong and could help break this near term support. If the support does break price may continue on to the next support area around 1.4400.Traders who love to trend trade and trade with the recent momentum could now look for any rotations\u00a0higher\u00a0to get into this move, should the right price action setup present. GBPAUD 4HR CHART | 2 APRIL 2013 We have just released a new forex lesson which you can read here at : Learn to Trade Profitably and Forget the Fancy Computer "}