{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpusd-fires-off-huge-weekly-pin-bar-reversal-5th-may-2015\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpusd-fires-off-huge-weekly-pin-bar-reversal-5th-may-2015\/","headline":"GBPUSD Fires Off Huge Weekly Pin Bar Reversal | 5th May 2015","name":"GBPUSD Fires Off Huge Weekly Pin Bar Reversal | 5th May 2015","description":"The GBPUSD has fired off a huge Pin Bar reversal on the weekly price action chart. This pin bar is a massive candle that is protruding from all other price action like all good pin bars do. The very best A+ pin bar reversals like the pin bar in this live price action trading video\u00a0stick […]","datePublished":"2015-05-05","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:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/05\/12weeklypinbar.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/05\/12weeklypinbar.png","height":490,"width":793},"url":"https:\/\/forexschoolonline.com\/gbpusd-fires-off-huge-weekly-pin-bar-reversal-5th-may-2015\/","about":["Featured Articles"],"wordCount":284,"articleBody":"The GBPUSD has fired off a huge Pin Bar reversal on the weekly price action chart. This pin bar is a massive candle that is protruding from all other price action like all good pin bars do.The very best A+ pin bar reversals like the pin bar in this live price action trading video\u00a0stick right out and away from all other surrounding price action. This pin bar on the GBPUSD is doing just that and rejecting a major weekly resistance level.As the first zoomed out weekly chart shows; the pin bar is rejecting the major resistance level. This level has been a major level both over the longer term and in recent times. If price does move back higher, this major resistance will be the first level in the way.If the pin bar can be confirmed and price can move lower the first near term support on the weekly chart comes in around the Very Big Round Number (VBRN) of 1.5000. If price can gain momentum and break the VBRN, the recent swing lows would then look the next logical target on the weekly chart.The major question for traders if price moves lower would then be how to manage the trade. As we educate members in the members only courses; the best way is to first ensure you have worked out your clear trade management method, then write up your pre-trade plan before entering and finally\u00a0no matter what happens make sure you follow the plan once in the trade. GBPUSD Weekly Chart GBPUSD Weekly Chart Related Forex Trading Education–\u00a0Do You Want To Use The Exact Same\u00a0Trading\u00a0Tools I am Using in my Own Trading?"}