{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/silver-moves-into-kill-zone-and-fires-off-4-hour-engulfing-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/silver-moves-into-kill-zone-and-fires-off-4-hour-engulfing-bar\/","headline":"Silver Moves Into Kill Zone and Fires Off 4 hour Engulfing Bar | 5th Sep 14","name":"Silver Moves Into Kill Zone and Fires Off 4 hour Engulfing Bar | 5th Sep 14","description":"Price on the 4 hour price action chart of Silver (XAGUSD) has moved into a key price flip resistance area and fired off a Bearish Engulfing Bar (BEEB). This price flip resistance area was also a key daily area that was a proven level that had been respected in the past. In our 3 Sep […]","datePublished":"2014-09-05","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\/2014\/09\/4hr_001.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2014\/09\/4hr_001.png","height":409,"width":782},"url":"https:\/\/forexschoolonline.com\/silver-moves-into-kill-zone-and-fires-off-4-hour-engulfing-bar\/","about":["Featured Articles"],"wordCount":243,"articleBody":"Price on the 4 hour price action chart of Silver (XAGUSD) has moved into a key price flip resistance area and fired off a Bearish Engulfing Bar (BEEB). This price flip resistance area was also a key daily area that was a proven level that had been respected in the past. In our 3 Sep Daily Forex Commentary Trade Setups Post I discussed this key daily level and how price had formed a clear pattern in this market of breaking lower and then retracing back into key levels to give traders a chance to look for short trades with the momentum lower and this is what has happened again.The 4 hour bearish engulfing bar has now broken lower and is as I write this post testing the recent swing low support area to try and break lower with the recent momentum. As the daily chart shows below; the daily chart has also formed a bearish engulfing bar that is also rejecting the key resistance.Should price be able to break these lows and continue the move lower, the next major support comes in around the\u00a018.88 area before potentially\u00a018.70. If price attempts to move back higher, the first area to stand in the way is the daily price flip resistance that both the 4 hour and daily engulfing bars are rejecting. Silver 4 hour Chart Silver Daily Chart Related Forex Trading Education–\u00a0Why Trading Forex Signals From the Correct Swing Points is so Important "}