{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpchf-forms-false-break-pin-bar-3-day-price-action-chart-5-dec-13\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpchf-forms-false-break-pin-bar-3-day-price-action-chart-5-dec-13\/","headline":"GBPCHF Forms False Break Pin Bar on 3 Day Price Action Chart | 5 Dec 13","name":"GBPCHF Forms False Break Pin Bar on 3 Day Price Action Chart | 5 Dec 13","description":"The GBPCHF has formed a false break pin bar on the 3 day price action chart. This pin bar has been formed making a clear false break of the recent resistance zone and is also rejecting the longer term resistance. The chart below shows price pushing higher and moving into the key area before snapping […]","datePublished":"2013-12-05","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\/2013\/12\/gh.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/12\/gh.png","height":"532","width":"1187"},"url":"https:\/\/forexschoolonline.com\/gbpchf-forms-false-break-pin-bar-3-day-price-action-chart-5-dec-13\/","about":["Featured Articles"],"wordCount":207,"articleBody":"The GBPCHF has formed a false break pin bar on the 3 day price action chart. This pin bar has been formed making a clear false break of the recent resistance zone and is also rejecting the longer term resistance. The chart below shows price pushing higher and moving into the key area before snapping back lower to create the false break.If you want to learn how to make any time frame chart with your MT4 platform so you can make 3 day charts like the 3 day chart below, read this tutorial here:\u00a0Make Any MT4 You Want With Correct New York Close 5 day ChartsIf price can move lower and confirm the pin bar, the very near term support comes in close around 1.4680. If price can break this level and make a major move lower the major support comes in around 1.4470. If price cannot confirm that pin bar and cannot move lower, price will have to break the solid resistance level. If price can break this key resistance it will then become a price flip level and act as a new support level where traders can start looking for it to act as a new support level and new trades to get long. GBPCHF 3 Day Chart"}