The USDCHF has printed off false breaks on both the daily and 4hr charts that have both created pin bars. Both these false break pin bar reversal signals are rejecting and cutting through the recent swing high area where price found resistance. There has been no clear trend on either the daily or 4hr charts with price on both time frames moving sideways rather than in a clear trend.
Whilst price has already broken lower and confirmed the 4hr false break, the daily false break is yet to move lower or be confirmed. If price can break lower and gain any momentum there are a few tricky spots for traders to watch out for and monitor. The major support for this pair is around the Very Big Round Number of 0.9000 which is also inline with the recent down-swing.
USDCHF Daily Chart
USDCHF 4hr Chart
but the daily pinbar seems to small and not commanding enough
Johnathon Fox.. waiting anxiously for new trading lesson.