{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurnzd-usdjpy-recap\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurnzd-usdjpy-recap\/","headline":"EURNZD & USDJPY Recap","name":"EURNZD & USDJPY Recap","description":"I have been occupied with something else of late which has kept me from this blog. I am now back and to start off I want to\u00a0discuss\u00a0two trades that the senior traders in the Forex School Online community forum entered and posted live for other members recently.   USDJPY 4HR SETUP This first setup was […]","datePublished":"2013-01-16","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\/2013\/01\/bueb1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/01\/bueb1.png","height":"316","width":"645"},"url":"https:\/\/forexschoolonline.com\/eurnzd-usdjpy-recap\/","about":["Price Action Charts in Focus"],"wordCount":183,"articleBody":"I have been occupied with something else of late which has kept me from this blog. I am now back and to start off I want to\u00a0discuss\u00a0two trades that the senior traders in the Forex School Online community forum entered and posted live for other members recently. USDJPY 4HR SETUPThis first setup was a large and obvious Bullish Engulfing Bar (BUEB) on the 4hr chart. This BUEB was with an obvious up-trend and at a retracement back to a value support area. Once price broke above the high of the BUEB price flew higher for a massive risk reward trade. Price has now moved a little lower into support, but the traders who entered the BUEB have had a great chance to take their profits.  EURNZD DAILY SETUPThis pair formed a really large BUEB on the daily chart. This setup was formed at a support area in a raging market. Price has moved substantially higher from this setup and given traders a chance to take profit or at the minimum move to break even. \u00a0 "}