{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/france-40-beeb\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/france-40-beeb\/","headline":"France 40 Fires Off 4 Hour Price Action Engulfing Bar Setup | 21 Oct 2015","name":"France 40 Fires Off 4 Hour Price Action Engulfing Bar Setup | 21 Oct 2015","description":"Price has formed a Bearish Engulfing Bar = BEEB on the 4 hour price action chart of the CAC40 or the France 40, which is the major French stock market index. This 4 hour bearish engulfing bar is rejecting a major daily resistance level as I have shown on the first daily chart below with […]","datePublished":"2015-10-21","dateModified":"2019-08-06","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:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/10\/insta2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2015\/10\/insta2.png","height":725,"width":1470},"url":"https:\/\/forexschoolonline.com\/france-40-beeb\/","about":["Featured Articles"],"wordCount":344,"articleBody":"Price has formed a Bearish Engulfing Bar = BEEB on the 4 hour price action chart of the CAC40 or the France 40, which is the major French stock market index. This 4 hour bearish engulfing bar is rejecting a major daily resistance level as I have shown on the first daily chart below with price having made multiple attempts at trying to breakout higher in recent times.This engulfing bar is engulfing the previous four candles with price snapping lower and closing right down near the close of the candle low. It is placed in a rather tricky position. If you take a look at the market on the 4 hour time frame as I have it shown on the 4 hour chart below, you will see that price is in a range and sideways period at the moment without a clear trend either way.The engulfing bar is also not right up and out at the swing high. There are quite a lot of these bearish engulfing bars that are very similar to this market and have formed on the 4 hour chart on markets, such as the Italy 40, the Spain 35, etc, all with their slight differences.The tricky factor for this bearish engulfing bar is that directly under the low is a minor support level. How strong this proves to be; only time will tell. The major resistance above that price that has repeatedly rejected is obviously a major level, but which of the two levels is going to win out?If the minor support gives way, there is then space for the bearish engulfing bar to break lower and gain momentum to move into the next support level of note, which would come in around the\u00a04610.00 area.If price cannot break lower, then a huge watch goes onto the major resistance, and if price can breakout higher, are there any potential breakout trades to be played? Daily Chart – Major Daily Resistance4 Hour Chart – Key Levels4 Hour Chart – Bearish Engulfing Bar Related Forex Trading Education[UPDATED] Introduction to Johnathon Fox’s Forex Price Action Trading Strategy"}