{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdchf-fires-false-break-pin-bar-reversal-30th-mar-14\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdchf-fires-false-break-pin-bar-reversal-30th-mar-14\/","headline":"NZDCHF Fires Off False Break Pin Bar Reversal | 30th Mar 14","name":"NZDCHF Fires Off False Break Pin Bar Reversal | 30th Mar 14","description":"The NZDCHF has fired off a counter trend bearish false break pin bar reversal on the daily price action chart. This daily pin bar is making a clear false break of a resistance level that has been a major proven resistance level many times in the past. Price has made a very fast and aggressive […]","datePublished":"2014-03-31","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\/2014\/03\/aaaaaa.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2014\/03\/aaaaaa.png","height":"613","width":"1231"},"url":"https:\/\/forexschoolonline.com\/nzdchf-fires-false-break-pin-bar-reversal-30th-mar-14\/","about":["Price Action Charts in Focus"],"wordCount":289,"articleBody":"The NZDCHF has fired off a counter trend bearish false break pin bar reversal on the daily price action chart. This daily pin bar is making a clear false break of a resistance level that has been a major proven resistance level many times in the past. Price has made a very fast and aggressive run higher to be where it is now with this bearish pin bar reversal. This aggressive move higher was kick started by a huge Bullish Engulfing Bar (BUEB). It took time for the BUEB to be confirmed and the high broken, but once it was, price made a large and fast run higher.I recently made a False Break Pin Bar Video with a live trade for traders looking to learn how to play the false break pin bar setup. To watch that video see here: \u00a0False Break Pin Bar Live TradeIf price can confirm this false break\u00a0pin bar and break the pin bars low, it would not surprise to see price move lower and into the space below that has been left by the huge move higher. The flip side to that is because the strong momentum has been higher in recent times, price may look to continue higher. If price does make a break higher, a break above, followed by a retrace, could be a good move to trade with the trend. In other words; if price does breakout and make a move higher, traders could then start to look for pull-backs into this current resistance area to look for it to hold as a new support area to continue trading with the higher momentum.NZDCHF Daily Chart\u00a0Related Forex Trading Articles & Videos– False Break Pin Bar Trading *Video*"}