{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/platinum-bueb-false-break-audnzd-watch\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/platinum-bueb-false-break-audnzd-watch\/","headline":"BUEB False Break & AUDNZD Watch | 13 July 2017","name":"BUEB False Break & AUDNZD Watch | 13 July 2017","description":"As a price action trader we have a lot of tools in our kit to help us read the price action story and add ‘ticks in the box’ so to speak. Some add more weight to the story and are more important and give us more information than others, for example; if price is making […]","datePublished":"2017-07-13","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:\/\/forexschoolonline.com\/wp-content\/uploads\/2017\/07\/1-cif-daily-asg1-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2017\/07\/1-cif-daily-asg1-1.png","height":700,"width":1200},"url":"https:\/\/forexschoolonline.com\/platinum-bueb-false-break-audnzd-watch\/","about":["charts"],"wordCount":422,"articleBody":"As a price action trader we have a lot of tools in our kit to help us read the price action story and add ‘ticks in the box’ so to speak.Some add more weight to the story and are more important and give us more information than others, for example; if price is making a big false break of a daily level that is a heck of a lot more important than price forming at a round number. Hunting Long Trades Intraday Charts AUDSGDAs I started to discuss at the start about lining factors of the price action story up in our favor, this market has many things lined up with the price action story and if price can now move back lower it will be back in the ‘kill zone’.Price has only just recently burst higher and out of the resistance, but if price can make a quick retrace back lower, this level would be inline with the smaller time frames, strong momentum \/ trend higher, it would be trading at the major price flip \/ resistance and it would also be at the first test of\u00a0 this new support.I will be watching this level super closely to make long trades over the coming sessions on smaller intraday time frames. AUDSGD Daily Chart AUDSGD 4 Hour Chart  4 Hour False Break PlatinumPrice in this market moved down to the major daily resistance which has been a proven level and printed a huge false break Bullish Engulfing Bar = BUEB that sent price snapping back higher against the recent strong momentum lower.On the 4 hour chart I have attached an image explanation of the false break showing how price creates this snapping of the level to send price back higher against the market moving the wrong way.The false break is one of the highest probability price action setups that we can use on any time frame and with multiple triggers because when you learn to use it successfully and create a trade management plan with it, you can enter the market when the majority of the market are going the wrong way and you jump on board riding your trade in the false break. Platinum Daily Chart Platinum 4 Hour Chart NOTE: Our new course Transform Your Trading With Price Action is open for student to enroll until Friday and then first lessons go out Monday. Find out all the information on how to become a student at Transform Your Trading Price Action Course."}