{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/cadpy-engulfing-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/cadpy-engulfing-bar\/","headline":"CADPY Engulfing Bar","name":"CADPY Engulfing Bar","description":"The CADJPY formed a solid Bearish Engulfing Bar (BEEB)\u00a0on the daily chart last week. Once price broke the low of this BEEB price sold of heavily. Price\u00a0has now reached the near term support area. Traders who took this setup\u00a0have now had\u00a0a chance to take profit or at the monimum move to protect their capital. If […]","datePublished":"2012-09-26","dateModified":"2019-08-04","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\/2012\/09\/Untitled.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/09\/Untitled.png","height":"420","width":"683"},"url":"https:\/\/forexschoolonline.com\/cadpy-engulfing-bar\/","about":["Price Action Charts in Focus"],"wordCount":103,"articleBody":"The CADJPY formed a solid Bearish Engulfing Bar (BEEB)\u00a0on the daily chart last week. Once price broke the low of this BEEB price sold of heavily.Price\u00a0has now reached the near term support area. Traders who took this setup\u00a0have now had\u00a0a chance to take profit or at the monimum move to protect their capital.If this support area holds we could see price move back higher into the near\u00a0term resistance that the BEEB is rejecting. If price decides to go the other way and move lower again,\u00a0support comes in around 78.30. CADJPY DAILY CHART\u00a0– 26 SEP 2012  "}