{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdchf-moves-into-daily-key-level-and-fires-4hr-pin-bar-5th-november-2013\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdchf-moves-into-daily-key-level-and-fires-4hr-pin-bar-5th-november-2013\/","headline":"USDCHF Moves Into Daily Key Level and Fires 4hr Pin Bar | 5th November 2013","name":"USDCHF Moves Into Daily Key Level and Fires 4hr Pin Bar | 5th November 2013","description":"The USDCHF moved into a key daily resistance level in the last session to try and move higher. This resistance level has been a proven key level in the past and has acted as both a proven support and resistance. At this key level price fired off a pin bar on the 4hr chart. This […]","datePublished":"2013-11-05","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\/11\/u1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/11\/u1.png","height":"589","width":"982"},"url":"https:\/\/forexschoolonline.com\/usdchf-moves-into-daily-key-level-and-fires-4hr-pin-bar-5th-november-2013\/","about":["Price Action Charts in Focus"],"wordCount":205,"articleBody":"The USDCHF moved into a key daily resistance level in the last session to try and move higher. This resistance level has been a proven key level in the past and has acted as both a proven support and resistance. At this key level price fired off a pin bar on the 4hr chart. This 4hr pin bar was sticking right out and up at the highs and was clearly rejecting the same daily resistance area.After breaking the low of the pin bar price has moved lower and into the first near term support area. The next major support for price to move into on the 4hr chart now comes in around 0.9075. On the daily chart there is no clear trend. Price is in a range and taking this 4hr pin bar trade, traders would have to keep in mind that range trades would have to be managed more tightly than if they were taking a trend trade, because range trades tend to chop all over the place, where trend trades tend to move more smoothly in the same direction with the trend and can tend to be managed with a little more room to breathe. USDCHF Daily Chart USDCHF 4hr Chart"}