{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpnzd-fires-bullish-engulfing-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpnzd-fires-bullish-engulfing-bar\/","headline":"GBPNZD Fires Bullish Engulfing Bar","name":"GBPNZD Fires Bullish Engulfing Bar","description":"Overnight the GBPNZD fired of a Bullish Engulfing Bar (BUEB) on the 4hr chart. This BUEB was formed from an extreme swing low and also long term support level.\u00a0The only worry for traders taking this setup was the strong downtrend they were\u00a0trading\u00a0against. Price has now moved higher and is moving closer into over head resistance. […]","datePublished":"2012-06-22","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\/06\/GBPNZD.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/06\/GBPNZD.png","height":"239","width":"588"},"url":"https:\/\/forexschoolonline.com\/gbpnzd-fires-bullish-engulfing-bar\/","about":["Price Action Charts in Focus"],"wordCount":92,"articleBody":"Overnight the GBPNZD fired of a Bullish Engulfing Bar (BUEB) on the 4hr chart. This BUEB was formed from an extreme swing low and also long term support level.\u00a0The only worry for traders taking this setup was the strong downtrend they were\u00a0trading\u00a0against.Price has now moved higher and is moving closer into over head resistance. For traders who prefer to trade with the trend the resistance level closely above could be a good area to look for bearish Price Action to get short. GBPNZD 4HR CHART  "}