{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/silver-counter-trend-pin-bar-at-vbrn-29-aug-13\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/silver-counter-trend-pin-bar-at-vbrn-29-aug-13\/","headline":"Silver Counter Trend Pin Bar at VBRN | 29 Aug 13","name":"Silver Counter Trend Pin Bar at VBRN | 29 Aug 13","description":"Silver has formed a counter trend pin bar on the daily price action chart. This pin bar is against the recent uptrend, but is rejecting the resistance on the daily chart and the Very Big Round Number (VBRN) of 25.00. If price can manage to move lower and break the pin bar low, price may […]","datePublished":"2013-08-29","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\/2013\/08\/pi.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/08\/pi.png","height":"555","width":"822"},"url":"https:\/\/forexschoolonline.com\/silver-counter-trend-pin-bar-at-vbrn-29-aug-13\/","about":["Price Action Charts in Focus"],"wordCount":166,"articleBody":"Silver has formed a counter trend pin bar on the daily price action chart. This pin bar is against the recent uptrend, but is rejecting the resistance on the daily chart and the Very Big Round Number (VBRN) of 25.00. If price can manage to move lower and break the pin bar low, price may be able to move lower and into the near term support.This near term support could provide a key level in the uptrend for those traders that love to trade with obvious trends to target a logical key level to join in this trend. This support has acted as a previous resistance zone and has now flipped and is now looking to hold as a new support in the uptrend.Counter-trend pin bars are a lot lower probability than pin bars with the obvious trend. I recommend new traders stick to only trading with the obvious trend from key levels within the obvious trends until they gain experience. SILVER DAILY CHART"}