{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/high-probability-a-pin-bar-sends-price-lower-from-great-level-24th-july-15\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/high-probability-a-pin-bar-sends-price-lower-from-great-level-24th-july-15\/","headline":"High Probability A+ Pin Bar Sends Price Lower From Great Level | 24th July 15","name":"High Probability A+ Pin Bar Sends Price Lower From Great Level | 24th July 15","description":"Price on the daily chart of the NZDUSD fired off a high probability A+ Pin Bar Reversal at the New York close of play today. This\u00a0high quality pin bar was sticking up and away from all other price and was way up at the swing high like all good pin bars are. Nice job to […]","datePublished":"2015-07-25","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\/07\/11cut.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/07\/11cut.png","height":696,"width":1299},"url":"https:\/\/forexschoolonline.com\/high-probability-a-pin-bar-sends-price-lower-from-great-level-24th-july-15\/","about":["Featured Articles"],"wordCount":402,"articleBody":"Price on the daily chart of the NZDUSD fired off a high probability A+ Pin Bar Reversal at the New York close of play today. This\u00a0high quality pin bar was sticking up and away from all other price and was way up at the swing high like all good pin bars are.Nice job to Lifetime Price Action Course Member Zin who posted this trigger signal up live in the Members Price Action Setups Forum – Daily Live Setups Thread just as it had formed.After breaking the pin bar low and confirming the setup, price has since broken lower and moved into the first minor support which is a weekly and daily support level. If you zoom your weekly chart out, you will notice that\u00a0the level I have marked on my chart below (the first near term support where price is currently stalling) is a price flip level.Why was this a high probability pin bar trigger signal? One of the biggest factors we can put in our favor is the trend, especially really obvious and strong trends and the daily chart of this market is one of the cleanest and strongest trends of all the Forex pairs just at the moment.This pin bar was trading directly inline with the very strong down-trend. Not only that, but the pin bar was rejecting a major daily resistance. Price had moved back higher against the strong down-trend to make a retracement and a pull-back into value.This means that anyone entering this pin bar was entering with the strong down-trend, trading away from a strong daily resistance and because price had just pulled back into a value area there was a bit of space to move back lower into.Lastly; you will notice that I have the major swing point support level marked on the daily chart below. If price can continue with the strong trend lower there is a good chance it\u00a0will be able to move into this level.This swing low support is also a Very Big Round Number (VBRN). VBRN’s are psychological levels that price often hovers or reacts at. This support level is VBRN 0.6500. This is something to keep in mind if price does move lower and closer into it.  Daily ChartDaily Chart  Related Forex Trading Education–\u00a0Where a Lot of Traders go Horribly Wrong With the Pin Bar Reversal"}